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flag UK Chancellor outlines spending cuts and lower growth forecasts amid economic uncertainty.

flag UK Chancellor Rachel Reeves delivered the Spring Statement, outlining spending cuts and lower growth forecasts to address economic challenges. flag The OBR forecasts a reduced deficit, with measures including welfare changes and a boost to defense spending. flag Experts warn that the statement may lead to six months of economic uncertainty, with potential impacts on businesses and the UK's economic growth. flag The government aims to balance books within fiscal rules while facing rising inflation and borrowing costs.

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