The chancellor will address MPs on Wednesday, warning of tough spending cuts amid rising government borrowing costs
What to expect from Rachel Reeves’s (brief) spring statementRachel Reeves will give her spring statement on Wednesday, with a warning that spending cuts are required because “the world has changed” amid rising government borrowing costs.
After announcing deep cuts to welfare, provoking a fierce backlash within her party, the chancellor will present updated forecasts from the Office for Budget Responsibility (OBR) on the outlook for the economy and government finances.
Continue reading…Rachel Reeves, Spring statement 2025, Politics, Economics, Economic policy, Economic recovery, Office for Budget Responsibility, Budget deficit, Government borrowing, UK news, Gilts, Consumer spending, Economic growth (GDP), Public finance, Bonds, Business, Welfare, DisabilityRead More
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