US EditionRachel Reeves warned of tax rises ahead despite £14bn plan to fix public finances
- Chancellor of the Exchequer Rachel Reeves is preparing to deliver her spring statement amidst a gloomy economic assessment by the Office for Budget Responsibility , which forecasts slower economic growth.
- Sluggish economic growth, increased borrowing costs, and global turbulence have put pressure on Reeves to balance the books, despite her promise not to raise taxes in the spring statement.
- The government plans to cut £5 billion from the welfare bill, with changes to PIP expected to account for the largest proportion of savings, while also increasing defence spending by £2.2 billion from April, funded by cutting the aid budget.
- Cabinet minister and Defence Secretary John Healey stated, "You can’t have a benefits system that is failing people and out of control in this way," while Prime Minister Keir Starmer has described the current welfare system as “morally indefensible”.
- The Resolution Foundation estimates that between 800,000 and 1.2 million people in England and Wales could lose between £4,200 and £6,300 per year by the end of the decade, prompting charities and health experts to warn that welfare cuts could risk lives and leading to a surge in calls to advice lines, with some individuals expressing that they felt they had "no choice but to end their own life".
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26 Articles
26 Articles
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Center
17
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Coverage Details
Total News Sources26
Leaning Left2Leaning Right1Center17Last UpdatedBias Distribution85% Center
Bias Distribution
- 85% of the sources are Center
85% Center
C 85%
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