The UK's Chancellor Rachel Reeves is set to deliver the Spring Statement, with expectations of additional spending cuts following previous welfare reductions. Economists anticipate a marginal decline in inflation to 2.9% from 3%, influenced by higher food prices countered by weaker clothing price pressure.
CROFAM SOCIAL NETWORK
Chancellor Rachel Reeves is expected to announce significant public spending cuts in the upcoming Spring Statement to address fiscal deficits. The measures aim to stabilize public finances amid economic challenges.Â
