Spring Statement 25: Update on welfare reform

The statement served as more of an update for the UK's economic health, as opposed to a budget, this reflects the Chancellor's desire to have "one major fiscal event per year". The Chancellor offered an update on last week's proposed welfare reforms. The proposed reforms were announced by Liz Kendall and focused on delivering personalised support to sick and disabled people who can work to get the jobs they "need and deserve". Proposed savings to incapacity and disability were at £5 billion before the end of 2030, Reeves provided the news that final costing had been examined by Office...