Rachel Reeves has confirmed deep cuts to welfare and public services, along with billions of pounds in long-term investment aimed at growing the economy, as she delivered a spring statement to ensure her fiscal targets were still being met. The chancellor said her measures would ensure a predicted £4.1bn hole in the public finances within five years would be turned into a £9.9bn surplusSpring statement 2025: key points at a glanceSpring statement: Rachel Reeves announces deep cuts to welfare and public servicesOdds of Bank of England interest rate cut strengthen after inflation falls to 2.8% Continue reading...