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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



Chancellor Rachel Reeves' Spring Statement 2025 includes £14bn in welfare cuts to repair the UK economy, prompting criticism from Labour MPs who fear increased poverty. Reeves refused to rule out further cuts or tax hikes. Government impact assessment indicates the cuts will push 250,000 people, including 50,000 children, into poverty. The OBR warns Labour's worker rights plan could negatively impact employment. Reeves disputes the government's poverty impact assessment.

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