{"id":91699,"date":"2026-04-16T07:50:51","date_gmt":"2026-04-16T06:50:51","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=91699"},"modified":"2026-04-16T07:50:51","modified_gmt":"2026-04-16T06:50:51","slug":"rachel-reeves-should-not-open-the-bubbly","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2026\/04\/16\/rachel-reeves-should-not-open-the-bubbly\/","title":{"rendered":"Rachel Reeves should not open the bubbly"},"content":{"rendered":"<p>As <a href=\"https:\/\/www.theguardian.com\/business\/live\/2026\/apr\/16\/uk-february-gdp-report-economy-iran-war-stock-market-reeves-ftse-sterling-live-updates?utm_term=69e0807dc08c313594e15e3a3b10676f&amp;utm_campaign=BusinessToday&amp;utm_source=esp&amp;utm_medium=Email&amp;CMP=bustoday_email\" target=\"_blank\" rel=\"noopener\">The Guardian notes<\/a> this morning:<\/p>\n<blockquote>\n<p class=\"dcr-130mj7b\">UK GDP rose by 0.5% in February, new data from the Office for National Statistics shows. That\u2019s much stronger than the 0.1% growth the City had expected.<\/p>\n<p class=\"dcr-130mj7b\">The ONS reports that services and production both grew by 0.5%, and construction grew by 1.0% in February.<\/p>\n<p class=\"dcr-130mj7b\">January\u2019s GDP data has been revised up too \u2013 to show 0.1% growth, rather than stagnation.<\/p>\n<\/blockquote>\n<p>That won't last for long is all I need to say.<\/p>\n<p>Rachel Reeves should not open the bubbly on her way home from Washington.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As The Guardian notes this morning: UK GDP rose by 0.5% in February, new data from the Office for National Statistics shows. That\u2019s much stronger<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2026\/04\/16\/rachel-reeves-should-not-open-the-bubbly\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,118],"tags":[],"class_list":["post-91699","post","type-post","status-publish","format-standard","hentry","category-economics","category-labour"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/91699","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=91699"}],"version-history":[{"count":1,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/91699\/revisions"}],"predecessor-version":[{"id":91700,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/91699\/revisions\/91700"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=91699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=91699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=91699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}