Rachel Reeves should consider welfare cuts in budget, IFS says

The GuardianThursday, October 16, 2025 at 5:00:58 AM
Rachel Reeves should consider welfare cuts in budget, IFS says
The Institute for Fiscal Studies (IFS) is urging Chancellor Rachel Reeves to consider significant welfare cuts in her upcoming budget to stabilize the financial markets. This recommendation comes as experts express concerns over the current economic climate, suggesting that bold actions on benefits and pensions may be necessary. The implications of such cuts could be profound, affecting vulnerable populations and sparking debates about the balance between fiscal responsibility and social support.
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