Chancellor to declare she has ‘right economic plan’ in Spring Statement as joblessness figure expected to near 1.9 million Daily Telegraph 02 March 2026 9:43pm GMT Unemployment is set to hit a 10-year high, the public finance watchdog will forecast on Tuesday, as Rachel Reeves declares she has the “right economic plan” for Britain. The Chancellor will use her Spring Statement to the House of Commons to highlight reductions in borrowing costs, inflation and interest rates. However, estimates from the Office for Budget Responsibility (OBR), the independent forecaster, will reveal a rise in joblessness as Ms Reeves’s tax raids on employers bite. Unemployment had been forecast to hit 1.8 million in 2026, according to the OBR’s predictions in November 2025. But the watchdog is now set to revise its figures for 2026 to closer to 1.9 million looking for work – the highest jobless rate since 2015. It comes after the Treasury increased the National Insurance (NI) rate paid by employ...
We didn’t start this, but the UK must make some effort to finish it rather than just wringing our hands Daily Telegraph Ben Wallace 02 March 2026 7:29pm GMT I remember sitting in the president of Iran’s outer office in 2006. I had gone with Jack Straw, Lord Lamont and Jeremy Corbyn on a parliamentary visit. All of us had different positions on the regime, and a more unlikely foursome you couldn’t imagine. The regime showed us no favours. In fact, they delighted in trying to trap us into embarrassing situations while they lectured us on the British Empire and James Bond. In those days, there was a genuine tension between the Iranian hardliners and the so-called reformers. There was even a semblance of an internal challenge to the Islamic Revolutionary Guard Corps (IRGC). Sadly, all that has changed over the years. The hardliners strengthened their grasp. Despite the image of the mullahs being in charge, it has become ever more apparent that the IRGC, which was loyal only to the ...