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| From: Denc 🗡 |
How to promote growth….
Spend more on welfare , brilliant…
Reeves’s welfare giveaway to top £15bn Tories accuse Chancellor of forcing ‘hard-working families’ to ‘pick up the bill’
Rachel Reeves will unveil £15bn of extra benefits spending in this week’s Budget, funded by a tax raid on the middle classes.
The Chancellor will end the two-child benefit cap in its entirety and increase benefit payments by nearly 4 per cent, while financing about-turns on winter fuel cuts and welfare reform.
She will also drag an estimated nine million people into paying higher rates of income tax by freezing thresholds in a move critics argue breaks Labour’s election manifesto pledges.
The annual cost of the four policies comes to £15bn, which, added to changes in Ms Reeves’s 2024 Budget, amounts to an extra £18bn to the benefits bill since Labour took power last year, according to Telegraph analysis.
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| Current Thread | Author | Time | | Denc 🗡 | 21:29:40 | | Denc 🗡 | 21:34:12 | | LP12 | 21:51:52 | | Denc 🗡 | 22:51:39 | | LP12 | 02:55:11 |
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