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LONDON DAILY ARCHIVE

Rachel Reeves Faces Pressure Over UK Welfare Reversal

Chancellor’s policy U-turn draws investor scrutiny

02 July 2025 · 23:48 UTC

UK Chancellor Rachel Reeves is facing growing pressure after scrapping key welfare reforms that were meant to reduce public spending, a move that analysts say will strain the budget and unsettle investors.

The U-turn has sparked debate over the government's economic strategy and its ability to maintain market confidence.