3 d. ago Rachel Reeves defends benefit cuts and denies further tax rises likely in autumn – UK politics live

Chancellor confirmed welfare cuts of £4.8bn in spring statement, but insisted the priority was to restore stability to the public finances Nick Robinson is interviewing Rachel Reeves on the Today programme now.Q: You promised just one budget a year, but yesterday you had to announce drastic cuts. What’s gone wrong?We’re not at the moment at a position where we want to do anything to escalate these trade wars.Trade wars are no good for anyone. It will end up with higher prices for consumers, pushing up inflation after we’ve worked so hard to get a grip of inflation, and at the same time will make it harder for British companies to export. Continue reading...

Politics

4 d. ago Spring Budget 2025 RECAP: Chancellor Rachel Reeves outlines spending cuts in Spring Statement

Chancellor Rachel Reeves has delivered her Spring Statement, confirming the 2025 growth estimate for the UK has been halved to 1 per cent by the government's official forecaster

Economics

4 d. ago PIP disability benefit change will see 150,000 people lose other DWP payments

Chancellor Rachel Reeves delivered her Spring Statement today where she confirmed major cuts to the welfare bill which will impact up to 3.2 million families by 2030

Politics

4 d. ago Petrol price update confirmed in Spring Statement in good news for millions of drivers

The Chancellor handed motorists a major win during the Spring Statement with a fuel duty announcement - but her move may end up costing the UK more than it benefits motorists

Economics

4 d. ago Rachel Reeves confirms decision on alcohol price rise in Spring Statement months after implementing 'crushing' tax hikes

The news, although expected, will come as a relief to hard-hit pubs and breweries nationwide struggling after Labour's brutal £25billion tax raid last year.

Economics

4 d. ago Every DWP Universal Credit change confirmed as Rachel Reeves' 'brutal' cuts are slammed

Further cuts to benefits have been announced by the Chancellor in today's Spring statement in which she confirmed financial support for people with health conditions will be frozen for new claimants

Politics

4 d. ago The DWP Universal Credit cut confirmed in Rachel Reeves' Spring Statement

The Chancellor confirmed changes to welfare payments in her address to the House of Commons.

Politics

4 d. ago Spring Budget 2025 LIVE: Chancellor Rachel Reeves outlines spending cuts in Spring Statement

Chancellor Rachel Reeves has delivered her Spring Statement, confirming the 2025 growth estimate for the UK has been halved to 1 per cent by the government's official forecaster

Economics

4 d. ago Rachel Reeves confirms further benefit cuts in Spring Statement

The Chancellor confirmed the measures in the House of Commons on Thursday afternoon.

Politics

5 d. ago Further benefits cuts planned as Rachel Reeves forced to find extra £1.6bn

Chancellor risks wrath of Labour backbenchers with spring statement set to confirm deeper cutsRachel Reeves will make additional welfare cuts in her spring statement on Wednesday after the Office for Budget Responsibility rejected her estimate of savings from the changes announced last week.The chancellor hoped to shift the focus from the benefits cuts, which appalled some Labour backbenchers, to promising to “secure Britain’s future” with a £2.2bn increase to defence spending. Continue reading...

Economics

5 d. ago Britons cutting back on spending as confidence in economy falls, survey shows

Most feel financial secure but think UK’s economy is worsening, as chancellor plans welfare cuts in spring statementConsumers are cutting back spending on everyday items amid falling confidence in the UK economy before Rachel Reeves’s spring statement, according to a survey.As the chancellor prepares to confirm billions of pounds in cuts to welfare and government spending on Wednesday, the research by KPMG showed growing numbers of people in Britain believed the economy was heading in the wrong direction. Continue reading...

Economics