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Chancellor confirms spending cuts as OBR trims growth forecasts

By Abigail Townsend

Date: Wednesday 26 Mar 2025

(Sharecast News) - The chancellor confirmed cuts to welfare spending on Wednesday while pledging to turn the UK into a "defence industrial superpower", in a spring statement designed to ensure the government's fiscal targets would still be met.
Rachel Reeves said her package of measures - designed to cut spending in...

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