Tag: UK economy
Reeves Announces £5bn Welfare Cuts and Tax Hikes in Spring Statement 2025 Amid £22bn Deficit
Tobias Kingsley Nov, 26 2025 0Chancellor Rachel Reeves unveiled £5bn welfare cuts, tax hikes, and civil service job losses in the Spring Statement 2025 amid a £22bn deficit, as the OBR downgrades growth to 1% and warns of long-term fiscal strain.
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