Reeves to make further welfare cuts but boost defence

Chancellor Rachel Reeves is set to announce further welfare cuts and departmental reductions in her Spring Statement, following disappointing savings from reforms. Reeves will emphasize the need for a strong economy, citing global uncertainties and confirming a £2.2bn increase in defence spending. Despite sluggish growth and pressure on the economy, she aims to kickstart growth through increased defense investment and plans to address public finances in the wake of rising borrowing costs.

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