In the UK’s recent spring statement, Chancellor Rachel Reeves announced significant welfare and
public spending cuts to address fiscal challenges amid high borrowing costs and slow economic
growth. The Office for Budget Responsibility indicated that these cuts could push an additional
250,000 people, including 50,000 children, into relative poverty by 2029-30, affecting over 3 million
households. The measures have ignited discussions on balancing economic stability with social
welfare.
UK’s Spring Statement Announces Welfare and Public Spending Cuts
