Reeves Aims to End UK Tax Chatter With Low-Key Economic Update

Rachel Reeves will deliver a low-key update on the state of the UK economy next week, as she seeks to draw a line under the endless cycle of speculation that’s preceded recent twice-yearly fiscal events.

In the House of Commons on Tuesday, the Chancellor of the Exchequer will deliver what the Treasury has internally dubbed a “spring forecast” rather than the usual “spring statement,” people familiar with the matter said. That means she’ll respond to the Office for Budget Responsibility’s latest economic projections without laying out the usual menu of new tax-and-spend policies, they said.

The pared-down intervention is part ...