Rachel Reeves will give a press conference following her spring statement. Rachel Reeves has been warned she faces nearly a 50pc chance of further tax rises or spending cuts following her Spring Statement. The Office for Budget Responsibility (OBR) said the likelihood that the Chancellor would hit her fiscal rule to get debt falling as a share of GDP was just 51pc, after she gave herself just £9.9bn of wiggle room to balance the books by 2029/30. Ms Reeves is giving a press conference at 4.45pm