Chancellor confirmed welfare cuts of £4.8bn in spring statement, but insisted the priority was to restore stability to the public finances Nick Robinson is interviewing Rachel Reeves on the Today programme now.Q: You promised just one budget a year, but yesterday you had to announce drastic cuts. What’s gone wrong?We’re not at the moment at a position where we want to do anything to escalate these trade wars.Trade wars are no good for anyone. It will end up with higher prices for consumers, pushing up inflation after we’ve worked so hard to get a grip of inflation, and at the same time will make it harder for British companies to export. Continue reading...
The Institute for Fiscal Studies (IFS) believes there is a good chance Reeves will have to raise taxes in the autumn budget and warns against rigidly adhering to fiscal rules. Other events include Sue Gray's speech on civil servants, a ninja sword ban, Badenoch's views on the Tory election loss, Scottish child poverty statistics, and Starmer addressing various issues including fishing, US tariffs, and Ukraine. Charities are urging changes to child poverty policies and the IFS says benefits reform will have a small impact on poverty reduction.
