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What are the key takeaways from Rachel Reeves’s spring statement?

  • Rachel Reeves announced cuts to government spending amid a slowing economy, rather than raising taxes, blaming reduced growth forecasts from the Office for Budget Responsibility on her welfare plans.
  • The Office for Budget Responsibility projected economic growth at 1% instead of the expected 2%, impacting Reeves's welfare cuts that were anticipated to save £5bn, now likely saving just £3.4bn.
  • Reeves described a £2bn initiative to build 18,000 new social and affordable homes, acknowledging Labour's probable failure to meet its target of 1.5 million homes by the next election.
  • To support economic recovery, Reeves invested £600m to train 60,000 construction workers and introduced measures to increase tax collection by £1bn yearly, targeting tax avoidance.
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instituteforgovernment.org.ukinstituteforgovernment.org.uk
Lean Left

Will Trump rip up Reeves’s rebalanced books?

Will Trump rip up Reeves’s rebalanced books? melissa.ittoo Fri, 28/03/2025 - 09:40 Stewart Wood, a Labour peer and former adviser to Gordon Brown, joins the podcast team to assess Rachel Reeves’s attempts to turn around the economy. 1 Podcast Institute for Government No Public finances Policy making Spring statement Spending review Public spending Economy Growth Welfare Schools Complex policy problems Labour Chancellor of the exchequer Starmer …

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The New EuropeanThe New European
Left

The Brexit statistic that puts Rachel Reeves’s boasts to shame

The chancellor crowed about tiny real GDP growth while ignoring a much bigger bombshell

·Norwich, United Kingdom
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The IndependentThe Independent
Lean Left

What are the key takeaways from Rachel Reeves’s spring statement?

As the chancellor was forced to deliver a brutal spring statement due to the flatlining economy, The Independent looks at what cuts Rachel Reeves rolled out

·London, United Kingdom
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Inside HousingInside Housing

Was the Spring Statement a win for housing?

Inside Housing columnist Jules Birch offers his key takeaways from the Spring Statement and what it means for social housing.

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Portfolio AdviserPortfolio Adviser

Five key takeaways from the Spring Statement

Chancellor Rachel Reeves dealt no surprises at her Spring Statement yesterday (26 Mar), keeping to her promise of only holding one major fiscal event a year. Her most recent update was tame in comparison to the more comprehensive Autumn Budget in October, but still came with a series of noteworthy announcements that will have knock on effects for the UK economy. Here, Portfolio Adviser takes a look at the five main takeaways from this year’s Spr…

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The Independent broke the news in London, United Kingdom on Thursday, March 27, 2025.
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