Department for work and pensions says thousands, including children, will be hit by chancellor’s reforms, as OBR forecasts UK growth to halve in 2025Spring statement 2025: key points at a glanceRachel Reeves will not be raising taxes in the spring statement today, even though there are many people on the left who would prefer taxes to rise as an alternative to public spending being cut. Reeves came into office promising only one budget-type event a year, and that is one reason why she is not hiking taxes today. But mainly it’s because she thinks Britons are relatively highly taxed already, because Labour was elected on a manifesto ruling out most of the obvious possible tax rises and because she’s not convinced a sweeping wealth tax would work.But that has not stopped campaigners calling for a wealth tax, and yesterday about 300 people attended a ‘Tax the Super-Rich’ rally outside the Treasury. It was organised by charities and social justice campaign groups, but one of the speakers...
The 2025 Spring Statement included welfare cuts impacting over 3 million families. Reeves claims poverty figures don't account for the impact of her pro-job measures, while the Resolution Foundation argues the cuts disproportionately affect low-income families. The Green Party opposes benefit cuts over a wealth tax. Other issues included tax avoidance, digital service taxes, and the impact of disability benefit cuts.
