The Chancellor has announced welfare and spending cuts to try to restore her £9.9bn “headroom”, so she can meet her rules on the economy. BBC Verify’s Ben Chu looks at how she’s made her sums add up. Produced by Jemimah Herd. Motion graphics by Mesut Ersoz. Read article in full at source...
Brian Wheeler Political reporter Reuters Rachel Reeves has squeezed the welfare budget further and boosted defence spending in a Spring Statement aimed at kick-starting the faltering economy. The Office for Budget Responsibility (OBR) – the government’s financial watchdog – halved its growth forecast for this year to 1%. The chancellor blamed global instability, arguing that...
The Chancellor said those who can’t work “should be properly supported”. Read article in full at source...
Several front pages lead on the chancellor’s Spring Statement on Wednesday, including the Guardian which reports on concerns about what Rachel Reeves could announce. The paper says she is due to promise to “secure Britain’s future” by boosting defence spending, but adds there is “mounting speculation that she will be forced to raise taxes” in...
The chancellor will warn of a “changing world”, as she sets out latest plans for the UK economy. View original article...
On the eve of the controversial Spring Statement, the Times has reported that chancellor Rachel Reeves could be about to announce even more cuts to Department for Work and Pensions (DWP) benefits – to the tune of £1.6 billion In short, it seems that Reeves and her DWP counterpart Liz Kendall got their maths wrong...
On the eve of Labour Party chancellor Rachel Reeves’ controversial Spring Statement, protesters will rally outside the Treasury to demand the government raises taxes on the wealth of the super-rich instead of slashing public spending. Protests on the eve before Reeves’ Spring Statement The government sparked fury ahead of the budget, by announcing deep cuts...