Spring statement in full: Watch Rachel Reeves announce benefits cuts and £2.2bn defence boost
Spring statement in full: Watch Rachel Reeves announce benefits cuts and £2.2bn defence boost
Mar 26, 2025
The IndependentHolly Patrick
The UK Government’s Spring Statement revealed stagnating economic growth and increasing inflation, however no future tax increases were announced. On Wednesday afternoon, chancellor Rachel Reeves delivered the statement in the House of Commons following Prime Minister’s Questions. “As I promised in the Autumn, [this Spring Statement] doesn’t include any further tax increases,” Reeves said. Further welfare cuts were also not announced as part of the statement, but changes to the sweeping packages
1:03
The UK Government’s Spring Statement revealed stagnating economic growth and increasing inflation, however no future tax increases were announced. On Wednesday afternoon, chancellor Rachel Reeves delivered the statement in the House of Commons following Prime Minister’s Questions. “As I promised in the Autumn, [this Spring Statement] doesn’t include any further tax increases,” Reeves said. Further welfare cuts were also not announced as part of the statement, but changes to the sweeping packages
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