Spring Statement 2026

“As we enter a new season, Rachel Reeves delivered the Spring Statement earlier this month against a backdrop of geopolitical uncertainty and increasingly complex global events. While the purpose of the statement is to outline what we can expect economically over the coming year, one theme stood out above all others: uncertainty.

“With rising oil and energy prices driven by the situation in Iran, we are navigating a challenging period. Yet the Spring Statement felt somewhat disconnected from current world affairs. It offered little clarity on what lies ahead or how unfolding global events may impact the UK economy.

“One of the most significant takeaways was the downgrade of the UK’s economic growth forecast, from 1.4% in the Autumn Budget to 1.1% for the year. Although growth is expected to improve by 2027, for now a combination of external pressure, including rising unemployment, higher National Insurance costs, and elevated energy prices, continues to weigh heavily on the economic outlook.

“The UK economy is in a fragile state, and I would be surprised if we achieve 1.1% growth this year. This reinforces the importance of maintaining a global, diversified investment portfolio. Selecting the right mix of investments across the right sectors is essential, as this is ultimately how your money can remain resilient in the face of uncertainty and complex global events.”

To find out more about how David and his team can support you with your portfolio, get in touch and book a Discovery Meeting today: https://www.davidhesterwealthmanagement.co.uk/contact-us/