Business and Finance
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Business and Finance
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Britain makes billions in extra welfare cuts amid slower economic growth


Published on 2025-03-26 22:40:52 - UPI
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  • The British finance minister announced Wednesday billions in welfare budget cuts to fill a shortfall with stalled growth and higher borrowing costs since the government's first spending plan.

The article from MSN discusses Britain's recent economic measures to address slower economic growth by implementing additional welfare cuts. Despite previous commitments to protect welfare benefits, the UK government has decided to make further reductions, aiming to save billions. These cuts are part of a broader strategy to manage public finances more stringently, especially in light of economic challenges like inflation and post-Brexit adjustments. The welfare cuts are expected to impact various benefits, potentially affecting millions of households. Critics argue that these measures could exacerbate poverty and inequality, while the government insists they are necessary for fiscal responsibility and economic recovery.

Read the Full UPI Article at:
[ https://www.msn.com/en-us/money/news/britain-makes-billions-in-extra-welfare-cuts-amid-slower-economic-growth/ar-AA1BHVND ]