In this episode of the Mark and Pete podcast, we delve into Chancellor Rachel Reeves’s Spring Statement 2025, examining its implications on the UK’s economy and society. We discuss the £14 billion fiscal repair package, focusing on the £3.4 billion savings from welfare reforms projected to increase relative poverty for 250,000 people.  We also analyze the £3.6 billion cuts to departmental spending and the anticipated £2.2 billion from enhanced tax compliance measures.  The conversation addresses public reactions, with only 19% approving of Reeves’s performance, and explores the potential impact of international trade tensions, such as President Trump’s 25% tariff on UK car imports.  Join us as we provide a business perspective on the economic strategies.

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