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Spring statement 2025 live: Reeves hit by economic growth downturn as she unveils budget and welfare cuts

Quarter of a million people, including 50,000 children, pushed into poverty by end of decade due to welfare reforms, according to government’s own impact assessment



Following her Spring Statement, Chancellor Rachel Reeves faces backlash for refusing to rule out further cuts or tax hikes. The £14bn package includes welfare cuts that Labour MPs warn will increase poverty. The OBR suggests Labour's Employment Rights Bill could negatively impact employment, while Reeves disputes government assessments that welfare changes will worsen poverty for millions.

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