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Institute for Fiscal Studies reacts to spring statement
Posted
March 27, 2025
Views
6,337
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March 27, 2025
6,337
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1:28:06Now PlayingThe Institute for Fiscal Studies, the UK's leading economics thinktank, holds a news conference in response to the chancellor's spring statement.
During the statement yesterday, Rachel Reeves announced that the Office for Budget Responsibility had halved the UK growth forecast for 2025 from 2% to 1%. The chancellor also revealed further welfare cuts and a boost to defence spending.
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#SpringStatement #Chancellor #RachelReeves
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