Author: Alex Daniel

Rachel Reeves gave a deliberately low-key spring forecast on Tuesday, in an attempt to project calm amid volatility abroad and after repeated tax rising budgets.But for some business owners struggling with rising costs, a lack of policy announcements this time around was a disappointment.Changes to the business rates system are set to go ahead on 1 April, while Reeves offered little relief for companies still reeling from increases to employment costs last year. Nor was there clarity on the long-delayed defence investment plan, a key part of promises to increase spending.The Guardian spoke to bosses about how the spring forecast…

Rachel Reeves is to approve a £1bn deal to build military helicopters in Yeovil, saving about 3,000 manufacturing jobs, according to reports.The chancellor is expected to sign a contract with Leonardo – the Italian owner of the former Westland factory in Yeovil, Somerset – to build the new battlefield helicopters, after months of speculation as to whether the historical site would survive.Workers had feared the company would follow through on threats to close the facility at the end of March if the government failed to place an order for new helicopters in time.Leonardo was the only bidder for the UK’s…