DWP benefits U-turn leaves £4.8 billion hole and speculation taxes will rise

Britain's Starmer backs his Treasury chief after U-turns dent the government's fiscal plans

British Prime Minister Keir Starmer’s office says Treasury chief Rachel Reeves is secure in her job after a series of government U-turns dented her revenue-raising plans

DWP benefits U-turn leaves £4.8 billion hole and speculation taxes will rise

Concessions to Labour welfare rebels left a £4.8 billion hole, with questions about where the money will come from.

Where does the welfare bill climbdown leave UK public finances?

With £6.25bn in planned savings now shelved, the government faces awkward choices on how to plug gapWelfare bill climbdown will have ‘a cost’ at budget, says senior ministerReeves will stay as chancellor, says No 10 after her tears in CommonsKeir Starmer managed to avert a parliamentary defeat over his main welfare bill on Tuesday, but only by removing a central element. So where does the government’s latest climbdown leave the public finances? …

UK government borrowing costs spike amid tensions in ruling Labour party

Pressure has been piling on the Labour government, which has been seeking to reform its social benefits program.

DWP benefits U-turn leaves £4.8 billion hole and speculation taxes will rise

Concessions to Labour welfare rebels left a £4.8 billion hole, with questions about where the money will come from.

DWP benefits U-turn leaves £4.8 billion hole and speculation taxes will rise

Concessions to Labour welfare rebels left a £4.8 billion hole, with questions about where the money will come from.