Politics and Government
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Politics and Government
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Reeves set to announce spending cuts in Spring Statement, promising 'security and national renewal'


Published on 2025-03-25 18:20:54 - ITV
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  • The chancellor will deliver a speech in Parliament on Wednesday, in which she's expected to outline spending cuts in order to stick to her fiscal rules. | ITV National News

Rachel Reeves, the Shadow Chancellor, is set to announce significant spending cuts in her upcoming Spring Statement, aiming to address the UK's economic challenges. The statement, expected to be delivered in March 2025, will likely include measures to reduce public expenditure in various sectors, potentially affecting public services, welfare, and infrastructure projects. Reeves has indicated that these cuts are necessary to manage the national debt and stimulate economic growth, amidst ongoing debates about the balance between austerity and investment in public services. Critics argue that such cuts could hinder recovery and disproportionately impact the most vulnerable, while supporters believe they are essential for fiscal responsibility and long-term economic stability.

Read the Full ITV Article at:
[ https://www.itv.com/news/2025-03-25/reeves-set-to-announce-spending-cuts-in-spring-statement ]