Reeves expected to reveal cut in growth forecasts for next five years in budget

A report by the National Foundation for Educational Research indicates that up to 3 million low-skilled jobs in the UK could be lost to automation and artificial intelligence by 2035, with trades, machine operations, and administrative roles being the most vulnerable.

Ahead of the upcoming Budget announcement, the Office for Budget Responsibility (OBR) has faced criticism for being perceived as a constraint on economic growth in Britain. Some stakeholders argue that the OBR's influence may hinder necessary fiscal flexibility during challenging economic times.

The Motability scheme announced plans to phase out high-end vehicles like BMW and Mercedes-Benz in favor of more UK-made cars, aiming for 50% of its fleet to be sourced from British factories by 2035. Chancellor Rachel Reeves emphasized that these changes would support thousands of skilled jobs in the UK automotive sector.

Unimetals, a scrap metals recycling company operating at 27 locations across the UK, has filed for compulsory liquidation after failing to secure a buyer, putting over 650 jobs at risk. The winding-up petition was filed on Monday, highlighting the company's dire financial situation.

Chancellor Rachel Reeves is set to deliver her budget speech, which will be closely monitored by influential traders and financial institutions, including a custom AI tool at Deutsche Bank designed to analyze her statements in real-time. This budget is particularly significant as it comes amid economic pressures and expectations of policy shifts.

A metals recycling company has filed for liquidation, raising concerns about the future of its operations across the UK. The exact number of jobs at risk remains unclear as the company navigates this challenging financial situation.

This week marks a pivotal moment for the UK government as Chancellor Rachel Reeves prepares to unveil her budget, a critical event that could define her leadership and the Labour party's future. The discussions leading up to the budget have been intense, with significant implications for fiscal policy and economic management. Behind the scenes, Kiran Stacey shares insights from his recent trip to Johannesburg with Keir Starmer, including talks on the Ukraine peace plan.

Kemi Badenoch has rejected Rachel Reeves' assertion that she is subjected to 'mansplaining' regarding her role as Chancellor, emphasizing the need to avoid tax increases. This response comes amid heightened scrutiny of Reeves as she prepares for her upcoming budget presentation.