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UK politics live: Labour rejects claims it’s returning to austerity ‘ahead of Reeves’ Spring Statement cuts’

It comes amid an ongoing battle with inflation and uncertainty partly caused by the threat of tariffs by Donald Trump



Ahead of Rachel Reeves' Spring Statement, Labour denies claims of returning to austerity despite planned spending cuts. The Bank of England held interest rates, citing inflation and economic uncertainty, while economists warn that cuts to Whitehall budgets could impact public services. Labour's welfare reforms are debated, with some criticizing them as insufficient while others defend them as not amounting to cuts.

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