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flag UK Chancellor announces £2.2 billion boost to defense budget, cuts to welfare benefits.

flag UK Chancellor Rachel Reeves announced a £2.2 billion increase in defence spending during her Spring Statement, highlighting security as a top priority. flag The statement also included cuts to Universal Credit, with the health element reduced by 50% and frozen for new claimants. flag Despite efforts to boost the economy, the Office for Budget Responsibility predicts a 1% growth rate for 2025, down from previous forecasts. flag Reeves emphasized the need to adapt to global uncertainty and secure financial stability.

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