Personal finance expert Gemma Godfrey has warned that hidden measures from Rachel Reeves's Spring Statement are now "coming out of the woodwork" and will hurt British families.
Speaking on GB News, Godfrey raised concerns about several measures that were concealed in the details of yesterday's announcement.
The Spring Statement 2025 was published by the Treasury earlier today, but according to Godfrey, many of its most painful impacts weren't made clear during the Chancellor's speech.
Godfrey highlighted that calculations in the Spring Statement assume a 5p fuel duty increase, which wasn't prominently featured in the Chancellor's presentation.
"If you look under the hood of what was announced, some of the calculations assume there will be a 5p fuel duty increase," she said.
She warned that these hidden details would place additional financial pressure on families across Britain
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"There are all sorts of things coming out of the woodwork which means hardworking families will feel a strain," Godfrey added.
Godfrey expressed particular concern for vulnerable citizens facing benefit cuts.
"The thing really concerning is 800,000 people will be losing Personal Independence Payments (PIP) and an estimated 150,000 may lose their Carers' Allowance," she revealed.
She noted that some individuals may be reliant on both support systems simultaneously.
"Our most vulnerable families will be suffering the most when the cost of living continues to rise," Godfrey warned.
These welfare reductions come at a particularly challenging time for those already struggling financially.
Godfrey pointed to multiple rising costs hitting families simultaneously.
"This is a really difficult time for families and they are struggling to make ends meet," she said.
She highlighted that credit card bills are increasing while people search for financial support.
"Credit card bills are also going up. People are trying to find out where they can get financial support and the Government is withdrawing it," Godfrey explained.
She warned of "significant prices" increases for essential services.
"There are a lot of cuts to welfare at the same time we'll be seeing significant prices to energy, water and council tax."
The finance expert's assessment paints a bleak picture for British households already under financial pressure.
With welfare cuts affecting hundreds of thousands of vulnerable people and rising costs across multiple essential services, families face mounting challenges.
The Spring Statement, published just hours ago on the government website, contains these measures that Godfrey suggests weren't transparent during the Chancellor's presentation.
As these hidden details emerge, many Britons may find themselves facing unexpected financial hardship in the coming months.
Find Out More...
Speaking on GB News, Godfrey raised concerns about several measures that were concealed in the details of yesterday's announcement.
The Spring Statement 2025 was published by the Treasury earlier today, but according to Godfrey, many of its most painful impacts weren't made clear during the Chancellor's speech.
Godfrey highlighted that calculations in the Spring Statement assume a 5p fuel duty increase, which wasn't prominently featured in the Chancellor's presentation.
"If you look under the hood of what was announced, some of the calculations assume there will be a 5p fuel duty increase," she said.
She warned that these hidden details would place additional financial pressure on families across Britain
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"There are all sorts of things coming out of the woodwork which means hardworking families will feel a strain," Godfrey added.
Godfrey expressed particular concern for vulnerable citizens facing benefit cuts.
"The thing really concerning is 800,000 people will be losing Personal Independence Payments (PIP) and an estimated 150,000 may lose their Carers' Allowance," she revealed.
She noted that some individuals may be reliant on both support systems simultaneously.
"Our most vulnerable families will be suffering the most when the cost of living continues to rise," Godfrey warned.
These welfare reductions come at a particularly challenging time for those already struggling financially.
Godfrey pointed to multiple rising costs hitting families simultaneously.
"This is a really difficult time for families and they are struggling to make ends meet," she said.
She highlighted that credit card bills are increasing while people search for financial support.
"Credit card bills are also going up. People are trying to find out where they can get financial support and the Government is withdrawing it," Godfrey explained.
She warned of "significant prices" increases for essential services.
"There are a lot of cuts to welfare at the same time we'll be seeing significant prices to energy, water and council tax."
The finance expert's assessment paints a bleak picture for British households already under financial pressure.
With welfare cuts affecting hundreds of thousands of vulnerable people and rising costs across multiple essential services, families face mounting challenges.
The Spring Statement, published just hours ago on the government website, contains these measures that Godfrey suggests weren't transparent during the Chancellor's presentation.
As these hidden details emerge, many Britons may find themselves facing unexpected financial hardship in the coming months.
Find Out More...