The confidential documentation – which was sent to Reeves for the spring forecast on March 26 – was said to reveal that OBR downgraded its growth forecast for the United Kingdom, Bloomberg reported on Tuesday (February 11). The downgrade would have major consequences for Reeves, as this would mean that her department’s close to £ 10 billion has been eradicated and the government may be forced to make cuts in expenses or potentially height taxes. Britain’s economy beats expectations and is growing 0.1% during the last quarter of 2024 in October last year, Reeves changed the UK’s current tax rules to facilitate more borrowing for Invest …