rachel reeves' spring statement 2025 Flashcards
1
Q
what happened to the growth forecast
A
reduced from 2% to 1%
2
Q
what happened to inflation forecast
A
predicted to peak at 3.7% in summer
3
Q
what happened to welfare
A
£3.4Bn worth of cuts in welfare
4
Q
impact on PIP + definition)
A
stricter means testing for PIP
- personal independence payment for disabilities
5
Q
changes to foreign aid
A
aid budget will reduce to 0.3% of GDP by 2027
6
Q
impact report of reeve’s changes
A
250,000 people will be thrown into poverty according to government
7
Q
what is the aim/ why has reeves made these cuts
A
to increase spending on defence
8
Q
A
