We are one week away from the Chancellor’s Spring Statement, which she insists is not an emergency budget (it is).

By now it looks all but certain that Chancellor Rachel Reeves will be announcing significant cuts to welfare in the Spring Statement in late March.

This week, everyone’s favourite government agency, the Office of National Statistics (ONS), announced that inflation had hit a new 10-month high of 3 percent in January – well above the Bank of England’s forecast.

Last week, the US Senate confirmed Scott Bessent as Donald Trump’s new Treasury Secretary. Trump — never one to resist a good tag line — was reportedly sold on Bessent after hearing about his economic strategy, dubbed “3-3-3”.