Reeves to make new welfare cuts in Spring Statement

Chancellor Rachel Reeves is set to make further cuts to welfare benefits and government departments in her Spring Statement on Wednesday.
The government announced big welfare spending reductions last week but the chancellor is set to expand the cuts after being told reforms to the system would save less than planned.
The chancellor faces pressure over the performance of the economy, with growth remaining sluggish despite being the government’s top priority in order to improve living standards.
But Reeves will argue the UK has to “move quickly in a changing world” and will confirm a £2.2bn increase in defence spending.
In her Spring Statement at 12:30, where the chancellor will set out her latest plans for the UK economy, she will cite uncertainty surrounding the Ukraine war and US tariffs threatening to upend global trade.

Courtesy: BBC