Chancellor gives Spring Statement against backdrop of war.

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The Chancellor says that people are forecast to be more than a thousand pounds a year better off by the time of the next general election. Rachel Reeves has also downgraded projections for growth for next year, and says she believes unemployment will peak this year. She also said she believes inflation will reach the target level by the end of this year. Meanwhile, the government's borrowing costs increased, so did the gas wholesale price, as Israel carried out new attacks on the Iranian regime's headquarters and ordered troops to seize border areas with Lebanon to try to prevent rocket attacks. Iran has retaliated against nine regional countries so far.