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The Independent UK
The Independent UK
Business
Karl Matchett

Will families be £500 better off after Reeves’ Spring Statement? Here’s what experts say

In her Spring Statement, Rachel Reeves promised that the average household would be “over £500 a year better off” under Labour – even after inflation. For millions feeling the pinch, it was a headline moment.

As a positive, it was one for the chancellor to hang her hat on - though pales in comparison to 250,000 being sent into poverty by other cuts to the welfare bill.

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