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Key points Defence gets extra £2.2bn as sweeping welfare cuts confirmed
The Guardian
|March 27, 2025
Reeves has confirmed huge cuts to the welfare budget, which the Office for Budget Responsibility (OBR) says amount to £4.8bn of savings for the Treasury.
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More than 3 million families will lose an average of £1,720 a year in real terms as a result of the cuts, according to government analysis, with an extra 250,000 people falling into relative poverty by 2029-30. As a result, the number of people living in relative poverty will rise to nearly 14.5 million, incl
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