3 w. ago Everything you need to know about PIP changes and Universal Credit as Labour slashes £5billion off welfare budget and Rachel Reeves blasts 'broken system' in Spring Statement

Chancellor Rachel Reeves today announced further welfare cuts as she confirmed changes for personal independence payment (Pip) and Universal Credit.

Economics

3 w. ago Spring Statement branded 'new low in the fight against poverty' as Rachel Reeves announces further welfare cuts

Rachel Reeves delivered her spring statement today - announcing further welfare cuts labelled as 'deeply concerning' by disability charities who warn the changes will 'push more disabled people into poverty'

Economics

3 w. ago Rachel Reeves announces MORE welfare cuts after watchdog judges Chancellor's previous benefits squeeze (announced only last week) was worth billions LESS than thought

The Chancellor put a further squeeze on benefits after the Office for Budget Responsibility said her previous action would not save as much as she'd hoped.

Economics

3 w. ago Spring statement: Reeves blames ‘global uncertainty’ for deeper spending cuts

Chancellor says tougher measures required to plug fiscal hole after Treasury watchdog halves 2025 growth forecastSpring statement: key pointsAnalysis: Reeves does reasonable job of justifying fiscal prudence but welfare cuts cast shadowPolitics live – updatesRachel Reeves blamed “global uncertainty” as she announced swingeing cuts to welfare and other public spending designed to plug a fiscal hole caused by soaring borrowing costs and sluggish economic growth.The chancellor told the Commons that the UK’s growth forecast for this year had been halved from 2% to 1% by the Treasury watchdog, which concluded that the chancellor would have missed her goal of balancing the books if she did not act. Continue reading...

Politics

3 w. ago Reeves announces welfare changes, increased defence spending and new growth forecasts – spring statement live

Chancellor OBR forecasts for UK growth halved in 2025 but up in the remaining years of this parliamentSpring 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 was Carla Denyer, co-leader of the Green party...

Economics

3 w. ago ‘Welfare not warfare’: Demonstrators on Whitehall protest against cuts

It is expected further cuts to welfare will be announced as Rachel Reeves delivers her spring statement on Wednesday.

Events

3 w. ago Rachel Reeves to announce additional welfare cuts in Spring Statement

Chancellor forced to make last-minute savings to shore up the nation’s finances

Politics

3 w. ago Reeves announces welfare and spending cuts in Spring Statement

UK chancellor forced to make last-minute savings to shore up the nation’s finances

Economics

3 w. ago Keir Starmer faces PMQs before Rachel Reeves delivers spring statement – UK politics live

Chancellor is expected to announce further welfare cuts when she outlines departmental spending plansRachel 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 was Carla Denyer, co-leader of the Green party, which is in favour of a wealth tax.Across th...

Politics

3 w. ago Live: Rachel Reeves set to announce more welfare cuts in spring statement

It comes as the budget watchdog said the Government’s plans will not save as much as ministers hoped.

Politics

3 w. ago FTSE 100 Live 26 March: Inflation boost ahead of Chancellor statement, Ocado surges

Chancellor Rachel Reeves is set to announce welfare cuts and a boost to defence spending when she delivers a statement to parliament today.

Economics

3 w. ago FTSE 100 Live 26 March: Inflation cheer ahead of Chancellor statement, Vistry halts dividend

Chancellor Rachel Reeves is set to announce welfare cuts and a boost to defence spending when she delivers a statement to parliament today.

Economics