Spring Budget 2025 LIVE: Chancellor Rachel Reeves to outline spending cuts in Spring Statement

Chancellor Rachel Reeves is due to set out her spring statement in the House of Commons from about 12.30pm. We already know she is planning to cut £5 billion from the welfare budget in a bid to increase defence spending.

The UK government has pledged to increase defence spending from 2.3 per cent of GDP to 2.5 per cent, costing around £16bn.



The Labour government has also said it will cut welfare spending by tightening up the eligibility criteria for disability benefits. In Scotland, the SNP has already heavily criticised the proposed spending cuts. Follow along live.

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