Reported 4 days ago
Britain's Treasury chief, Rachel Reeves, is set to present a spring statement that outlines further welfare cuts while also announcing a significant increase in defense spending of £2.2 billion. The announcement comes amid disappointing economic growth and a bleak revenue forecast from the Office for Budget Responsibility. Critics blame Reeves for the economic downturn since the return of the Labour government, while recent data shows a slight easing in inflation, which could influence future interest rate decisions.
Source: YAHOO