{"id":229644,"date":"2025-03-26T15:04:51","date_gmt":"2025-03-26T15:04:51","guid":{"rendered":"https:\/\/www.newsisc.com\/videos\/is-it-austerity-robert-peston-reacts-to-chancellors-statement-itv-news\/"},"modified":"2025-03-26T15:04:51","modified_gmt":"2025-03-26T15:04:51","slug":"is-it-austerity-robert-peston-reacts-to-chancellors-statement-itv-news","status":"publish","type":"post","link":"https:\/\/www.newsisc.com\/videos\/is-it-austerity-robert-peston-reacts-to-chancellors-statement-itv-news\/","title":{"rendered":"Is it austerity? Robert Peston reacts to Chancellor&#8217;s statement | ITV News"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/i3.ytimg.com\/vi\/bot-d46zqpw\/hqdefault.jpg\" alt=\"Is it austerity? Robert Peston reacts to Chancellor's statement | ITV News\"><br \/> <iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/bot-d46zqpw\" frameborder=\"0\" allowfullscreen><\/iframe> <\/p>\n<p>Chancellor Rachel Reeves has gone further with cuts to welfare in her long-awaited Spring Statement, cutting the universal credit health element and freezing it until 2030.<\/p>\n<p>The changes came as the Office for Budget Responsibility (OBR) found the package of benefit cuts announced last week would not raise as much money as the government hoped.<\/p>\n<p>In her statement on changes to the public finances, Reeves has announced significant cuts in spending but confirmed there will be no tax rises.<\/p>\n<p>In a blow to the government&#8217;s plan for growth, the OBR&#8217;s growth forecast has also been halved from 2% down to 1% for 2025. &quot;I am not satisfied with these numbers&quot;, Reeves told MPs.<\/p>\n<p>\u2022 Subscribe to ITV News on YouTube: http:\/\/bit.ly\/2lOHmNj<br \/>\n\u2022 Get breaking news and more stories at http:\/\/www.itv.com\/news<\/p>\n<p>Follows ITV News on TikTok https:\/\/www.tiktok.com\/@itvnews?lang=en<br \/>\nFollow ITV News on Instagram: https:\/\/www.instagram.com\/itvnews\/<br \/>\nFollow ITV News on Facebook: https:\/\/www.facebook.com\/itvnews\/<br \/>\nFollow ITV News on Twitter: https:\/\/twitter.com\/itvnews<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chancellor Rachel Reeves has gone further with cuts to welfare in her long-awaited Spring Statement, cutting the universal credit health element and freezing it until 2030. The changes came as the Office for Budget Responsibility (OBR) found the package of benefit cuts announced last week would not raise as much money as the government hoped. [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":229645,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[128812],"tags":[],"actors":[],"class_list":["post-229644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-itv-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Is it austerity? Robert Peston reacts to Chancellor&#039;s statement | ITV News | News ISC Videos<\/title>\n<meta name=\"description\" content=\"Watch Is it austerity? Robert Peston reacts to Chancellor&#039;s statement | ITV News for free, here on News ISC. 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