Reflex Plate listing appears as Reeves defends economic plan after OBR trims 2026 growth forecast

Reflex Plate listing appears as Reeves defends economic plan after OBR trims 2026 growth forecast

An online product headline uses the word reflex while Chancellor Rachel Reeves told MPs her economic plan is working after the Office for Budget Responsibility cut its expected growth rate for 2026. The OBR reduced its 2026 growth forecast to 1. 1% from 1. 4%, and Reeves said the government had "the right economic plan".

Reflex plate listing noted in brief product headline

The product headline includes the strings "VIMAR Reflex Plate 14653. 49" and "VIMAR - 14654. 48 - Plate 4M Reflex Orange" and the listing copy contains the lines "Check if you prequalify, no risk to your credit score. Subject to credit approval. " That product title specifically uses Reflex in its name; the word reflex appears in the headline information provided.

Reeves defends plan as OBR trims growth and revises inflation outlook

Speaking at the Spring Statement shortly after 12. 35pm, Reeves said the government had "the right economic plan" for the country and that the plan would "secure our economy against shocks and protect families from the turbulence that we see beyond our borders. " The OBR cut its expected growth rate for 2026 to 1. 1% from the 1. 4% it predicted in last year's Budget and said it had upgraded estimates for later years.

The OBR also revised its inflation path, now expecting inflation to fall to 2. 3% through the year, down from an earlier estimate of 2. 5%, and reach the Bank of England's 2% target by the end of 2026. The forecasts were published before recent conflict in the Middle East; the OBR warned that such an outbreak could have a "very significant" impact on global and UK economies.

Energy prices and the autumn Budget

Since strikes were launched and retaliatory action followed, oil and gas prices have risen significantly, a development the OBR said could push inflation up again if energy costs remain high. Forecasters noted that higher energy prices could mean fewer interest rate cuts by the Bank of England this year and would affect the fiscal headroom ahead of the autumn Budget.

Economists quoted in the material said any additional headroom could give the government "a bit more money to play with come the Budget in the autumn. " Reeves highlighted unemployment and growth figures in her remarks and kept the Spring Statement focused on a single statement rather than announcing new fiscal commitments.

The government will next turn its attention to the autumn Budget, when officials and ministers will have to weigh updated forecasts and any economic effects from higher energy prices against plans for public spending and support for businesses and households.