Spring Statement 25: Chancellor updates on welfare reform

The proposed welfare reforms from last week 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 £5bn before the end of 2030. Reeves provided the news that final costing had been examined by Office for Budget Responsibility (OBR) assessments. The estimated package would save £4.8bn in the welfare budget by 2030. The statement served as more of an update for the UK's economic health, as opposed to a budget, reflecting the cha...