The UK Chancellor of the Exchequer is set to present the Spring Statement 2022 to the Parliament on Wednesday.
Chancellor Rishi Sunak is expected to announce measures to help British households to deal with rising cost of living. The Office for Budget Responsibility is set to lift its borrowing forecast for the coming year and to lower its growth projections.
Other statistical reports due for the day are as follows:
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.