The Office for Budget Responsibility will reduce the expected growth rate for 2025 from 2% to about 1%, resulting in embarrassment for Sir Keir Starmer and Rachel Reeves. Chancellor Reeves is anticipated to link the economic downturn to global disruptions stemming from Donald Trump's tariffs in her upcoming spring statement. This reduction in growth forecasts and an increase in borrowing may compel her to raise taxes or cut spending to adhere to financial regulations. Tory shadow chancellor Mel Stride criticized Labour's approach, claiming that their anti-business budget has severely hampered growth.