The chancellor insisted families would be better off even as further welfare cuts were announced
Experts question Rachel Reeves' claim in her Spring Statement that families will be £500 better off under Labour. While the OBR data used is considered reliable, the timing and interpretation of the £500 benefit are disputed, with some suggesting it refers to the total benefit over the course of parliament, not annually. Experts suggest the impact on households will be modest, with the economy not growing as quickly as promised, and the potential increase is minimal when inflation is high.