Rachel Reeves does reasonable job of justifying fiscal prudence but welfare cuts cast shadow
by Heather Stewart Economics editor from on (#6W6FV)
Chancellor was able to point to glimmers of hope in spring statement despite economic growth forecasts being slashed
- Reeves announces deep cuts to welfare and public services
- Spring statement 2025: key points at a glance
- Politics live - latest updates
The bruising row over welfare cuts in the run-up to Rachel Reeves's spring statement led to the Treasury being portrayed as a gang of bullies with spreadsheets, ranging across Whitehall.
Her moment in the spotlight on Wednesday allowed the chancellor to set these wrangles over tax and spend in a wider context: as a precondition for rebuilding the UK.
Continue reading...