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Happy Thursday! Today’s newspaper front pages are, unsurprisingly, dominated by yesterday’s Spring Statement. It’s a tough read for the chancellor this morning as the newspapers round on her plans with accusations that her time will soon be up as chancellor, that she’s returning Britain to austerity and that the poor will be hit the hardest – when it should be the wealthy taxed. 

Economic growth in doubt – Rachel Reeves’ Spring Statement, several newspapers highlight the OBR’s warning that the Chancellor’s plans for economic growth could be wiped out by the global trade war as Donald Trump continues to issue further tariff threats.

The Office for Budget Responsibility (OBR) has halved the 2025 economic growth forecast to 1%, down from 2%. Despite these austerity measures, the tax burden is projected to reach a record 37.7% of the GDP by 2027-28.

Recent welfare cuts are projected to push tens of thousands of children into poverty, disproportionately affecting low-income families and those with disabilities.

Spring Statement 2025 reaction – Thursday’s headlines are reacting to yesterday’s Spring Statement delivered by the chancellor. 

Chancellor Rachel Reeves announced significant measures to address the UK’s economic challenges. Key points include a £14 billion plan involving cuts to welfare payments (£4.8 billion) and departmental spending (£3.6 billion) to fix public finances. The Office for Budget Responsibility (OBR) has halved the 2025 economic growth forecast to 1%, down from 2%. Despite these austerity measures, the tax burden is projected to reach a record 37.7% of the GDP by 2027-28. Additionally, a £3.25 billion Transformation Fund was introduced to drive efficiencies across government departments.

Following the chancellor’s update on the economy, Donald Trump announced new import taxes of 25% on cars and car parts coming into America in a move that threatened to widen the global trade war.

Riek Machar, South Sudan’s First Vice President, was arrested by armed forces at his residence, sparking condemnation from his party over the government’s unconstitutional actions.

Unprecedented anti-Hamas protests in northern Gaza saw hundreds of Palestinians demanding an end to the war, chanting slogans like “We don’t want war” and “Out Hamas.”

Forth Valley Royal Hospital experienced a 70-minute power outage due to backup generator failure during Storm Eowyn, raising concerns over patient safety and hospital preparedness.

President Trump has announced a 25% tariff on all imported cars, set to begin on 2 April, which he terms “liberation day.”

Climate change and overfishing are making it harder to catch the anchovies essential to the condiment that underlies so much of Vietnam and southeast Asia’s food.

Kim Jong Un conducted tests of AI-enabled suicide drones and reconnaissance drones, highlighting North Korea’s emphasis on unmanned technology for military modernisation.