The Chancellor set out her economic vision while attempting to reassure voters that Labour has a grip on the country's finances.

Chancellor Rachel Reeves has cut billions of pounds of planned spending, including on benefits, after Britain’s economic growth and public finances were hit since her autumm Budget. Here are the key points in the Spring Statement 2025: Economic blows meant the current budget would have been in deficit by £4.

Watch live as Sir Keir Starmer faces Prime Minister’s Questions before Rachel Reeves delivers her spring statement on the state of the UK economy on Wednesday, 26 March. The chancellor is expected to slash benefits further after the UK’s budget watchdog warned last week’s reforms would save over £1bn less than forecast.