US EditionSpring statement 2025 key takeaways
- Rachel Reeves faced calls from Labour MPs to reverse cuts to health and disability benefits, warning of increased poverty risks.
- The Government expects benefit measures to save £4.8 billion, less than the £5 billion initially hoped for by 2029/30.
- Debbie Abrahams stated that health and disability benefit cuts will lead to increased poverty and worsened health conditions.
- Stephen Flynn criticized Labour for repeating past austerity mistakes, saying, 'You can't cut your way to growth.
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Reeves Prioritises Fiscal Rules and Political Credibility in Spring Statement, Say Economists
Chancellor Rachel Reeves has prioritised fiscal discipline and political credibility over a blueprint for growth in her Spring Statement, economists have suggested. Confronted with downgraded growth forecasts and a tightening fiscal environment, Reeves has unveiled a £14 billion package of cuts and savings in a fiscal update on Wednesday. Reeves told MPs the decisions were necessary to comply with the UK’s “non-negotiable” fiscal rules amid “inc…
·New York, United States
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Coverage Details
Total News Sources70
Leaning Left11Leaning Right7Center24Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 26%
C 57%
R 17%
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