Chancellor risks wrath of Labour backbenchers with spring statement set to confirm deeper cutsRachel Reeves will make additional welfare cuts in her spring statement on Wednesday, after the Office for Budget Responsibility rejected her estimate of savings from the controversial reforms announced last week.The chancellor hoped to shift the focus from the benefits cuts, which appalled some Labour backbenchers, to promising to “secure Britain’s future” with a £2.2bn boost to defence spending. Continue reading...