50 m. ago Spring statement live: Rachel Reeves set to slash benefits further to plug £1.6bn budget black hole

UK’s budget watchdog warned last week’s reforms would save over £1bn less than forecast

Economics

51 m. ago Spring statement 2025: Chancellor to announce 'further benefits cuts' amid floundering growth

Rachel Reeves is understood to be planning to slash Britain’s welfare bill by another £500million

Politics

75 m. ago Spring Statement 2025: When time is the Spring Statement from Rachel Reeves? What cuts should we expect?

The statement is a significant moment for party’s fortunes

Politics

79 m. ago Universal credit cuts expected as further benefits set to fall in spring statement

Two more cuts to universal credit are expected

Politics

95 m. ago Spring Statement LIVE as more benefit cuts to be announced by Rachel Reeves

The Chancellor will stand up in the House of Commons this afternoon to give an update to the Government's spending plans

Politics

1 hour ago Chancellor Rachel Reeves' salary, net worth, and how much tax she pays

As Rachel Reeves delivers her first Spring Statement, The Mirror takes a look at how much she gets paid for her job growing the economy and controlling public spending

Economics

1 hour ago Spring statement live: Reeves set to slash benefits again in billions of budget cuts

The chancellor of the exchequer is set to cut benefits even more following a disagreement with the OBR

Economics

1 hour ago More benefit cuts on the way in Rachel Reeves' Spring Statement today

The Chancellor will slash welfare again after the budget watchdog said last week's reforms will save £1.6 billion less than expected

Politics

2 h. ago Rachel Reeves' NEW black hole: Chancellor's plans are ALREADY in tatters ahead of Spring Statement today as watchdog 'says her benefits cuts won't save £5bn'

The OBR is said to have batted away the government's estimate that reforms of work and disability handouts can curb £5billion from costs.

Economics

2 h. ago Spring Statement 2025 LIVE: Inflation falls to 2.8% as Rachel Reeves prepares to unveil spending cuts

Chancellor Rachel Reeves will present her first highly anticipated spring statement to parliament on Wednesday.

Economics

2 h. ago Chancellor Rachel Reeves' rarely seen husband with government job and parenting 'challenge'

Chancellor Rachel Reeves, who is delivering her Spring Statement on Wednesday, has a husband with a big job in politics and a famous sister with an aristocratic title

Politics

2 h. ago Reeves warned welfare cuts will ‘push disabled into poverty’ ahead of spring statement

A disability advocate has warned that planned welfare cuts will push disabled people into poverty ahead of today’s spring statement.

Events

2 h. ago Further welfare cuts expected as Rachel Reeves prepares to deliver spring statement – UK politics live

Keir Starmer will face Kemi Badenoch at PMQs before the chancellor delivers her spring statement John Healey, the defence secretary, has been doing an interview round this morning because overnight the Treasury briefed journalists that Rachel Reeves will announce an extra £2.2bn in defence spending from April in the spring statement. (Presumably that was the story the Treasury press office were hoping would be leading the news bulletins this morning, not the new benefit cuts).In its news release, the Treasury said:The chancellor will announce a further £2.2bn funding increase for defence from April, as she warns that Britain has to “move quickly in a changing world”.The funding will be invested in advanced technologies so that Britain’s armed forces have the tools they need to compete and win in modern warfare. This includes guaranteeing the investment to fit Royal Navy ships with Directed Energy Weapons by 2027. These weapons can hit a £1 coin from 1km away and take down drones at ...

Politics

2 h. ago Tax changes expected as UK chancellor gives spring statement – updates

Chancellor Rachel Reeves will give an update about the UK's financial position with speculation of possible tax changes and spending adjustments

Politics

2 h. ago Rachel Reeves ‘set to impose further welfare cuts worth £500m’

The Office for Budget Responsibility is said to have rejected the Treasury’s saving estimates from last week’s welfare cuts, paving the way for even more difficult choices

Economics

2 h. ago Budget 2025 latest: Inflation boost for Rachel Reeves ahead of spring statement

The chancellor is under pressure to deliver in her spring statement

Economics

2 h. ago Odds of May interest rate cut rise after UK inflation falls to 2.8% – business live

Rolling coverage of the latest economic and financial news, as pound dips after February’s inflation reportFurther benefits cuts planned as Rachel Reeves forced to find extra £1.6bnFive economic factors that will govern Rachel Reeves’s spring statementSterling is weakening a little, after UK inflation fell by more than expected this morning.The pound has lost nearly a third of a cent against the US dollar to $1.2915.The market reaction to this data has been minimal, as the focus remains on the Spring Statement later today.The pound has dropped slightly, but GBP/USD is down less than 20 pips so far on Wednesday, the bond markets are not open, but we think that UK Gilts will also have a mild reaction to this data. Continue reading...

Economics

2 h. ago UK inflation falls by more than anticipated, in a boost to the government ahead of a key statement

Official figures show price rises in the U.K. moderated by more than anticipated in February, in a boost for Treasury chief Rachel Reeves before she delivers a statement to lawmakers about the state of the public finances

Politics

2 h. ago ITV GMB's Susanna Reid interrupts show for 'breaking news' announcement

Susanna Reid shared an update on the economy ahead of the Spring Statement in a 'breaking news' segment on Good Morning Britain

Culture

2 h. ago Spring Statement 2025: What to expect from Rachel Reeves as inflation eases amid gloomy outlook

Watch today’s top business stories in under two minutes - as the nation awaits the Spring Statement.

Economics