Reeves accused of balancing books on back of UKs poorest

Rachel Reeves was accused of balancing the books at the expense of the poor in her spring statement, as official figures showed three million households could lose £1,720 a year in benefits. The chancellor confirmed welfare cuts of £4.8bn, but insisted the government’s priority was to restore stability to the public finances in the face of rising global borrowing costs. Economists warned Reeves could be forced to come back with more tax rises in the autumn, with the Office for Budget Responsibility (OBR) saying that any tariffs imposed by Donald Trump may upend their forecasts. Paul Johnson, the director of

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