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Rachel Reeves scrambling to fill hole in public finances after U-turns

2025-07-07 00:00:00.0 每日快报-政治原网页

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Rachel Reeves is trying to keep MPs on side while sticking to fiscal rules (Image: Getty)

Rachel Reeves is scrambling to fill an estimated ￡30billion hole in the public's finances following several U-turns. The government has backtracked on its welfare reforms and scrapping the winter fuel payment for millions of pensioners.

But the Chancellor has committed to sticking to her fiscal rules which means tax rises could be on the way in the Autumn Budget. Ministers “pushed ahead too fast” and “didn’t listen enough” on welfare reform, the Education Secretary has said.

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Bridget Phillipson added that future spending decisions had been made “harder”, when asked about the prospect of the two-child benefit cap being scrapped. Labour backbenchers have also been pushing for the Government to scrap the two-child benefit cap.

13 hours ago09:54 Jonathan Walker

King and Prime Minister lead nation remembering horror of July 7 bombings

The King has called on the nation to remember the “extraordinary courage and compassion” in the face of the horrors of the July 7 bombings, while the Prime Minister said the country will unite to remember the lives lost.

In a message to mark the 20th anniversary of the attacks, Charles said comfort can be taken from the “spirit of unity” in London and the country more broadly, which has allowed the nation to heal.

Meanwhile, Sir Keir Starmer said “those who tried to divide us failed” adding “we stood together then, and we stand together now”.

The Prime Minister and London Mayor Sir Sadiq Khan laid wreaths at the July 7 memorial in Hyde Park at 8.50am on Monday, to coincide with the moment that the first bomb went off.

Officials including Metropolitan Police Commissioner Sir Mark Rowley and Chief Constable of British Transport Police Lucy D’Orsi also laid floral tributes.

On July 7 2005, four suicide bombers struck the capital’s transport network, killing 52 people and injuring more than 770 on three London Underground trains and a bus.

ile photo dated 8/7/2005 of the number 30 double-decker bus in Tavistock Square, which was destroyed (Image: )

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15 hours ago08:19 Jonathan Walker

Pupils can get help without special needs plans, says schools minister

It's a top political story today, but we reported last week that Ministers want to cut the number of pupils with Education, Health and Care plans, but say no child will lose support.

Schools minister Catherine McKinnell suggested children with special needs could have their needs met without an Education, Health and Care (EHC) plan, which entitles them to extra support such as personal tuition or speech therapy.

Ministers insist the current system is failing the 1.7million pupils with special needs and changes to be published in a White Paper will improve outcomes for youngsters. But Conservatives say the measures will “terrify” parents and warn the Government is on course to provoke another rebellion by angry Labour MPs.

15 hours ago08:17 Steph Spyro

Minister offers parents reassurances over cuts to special needs support

Parents should have “absolutely” no fear that support for children with special needs will be scaled back, a minister has said.

Stephen Morgan was asked about education, health and care plans (EHCP), after campaigners urged the Government to not cut them.

Asked by broadcaster LBC if the campaigners and charities should have no fear about the future of support for children with special educational needs or disabilities, education minister Stephen Morgan said: “Absolutely. What we want to do is make sure we’ve got a better system in place as a result of the reform that we’re doing that improves outcomes for children with additional needs.”

Asked if the reforms could including scrapping ECH plans, Mr Morgan replied: “We’re looking at all things in the round.

“I’m not going to get into the mechanics today, but this is about strengthening support for system.”

15 hours ago08:01 Jonathan Walker

Job cuts coming, warns Confederation of British Industry

Financial firms are expecting job losses to accelerate in the coming months, with demand worries weighing on investment plans and optimism levels hitting a fresh low, a new survey shows.

But this isn't just about financial companies themselves. Part of the concern is that businesses such as manufacturers are expected to invest less, which means less work for finance businesses such as those that lend money.

Activity across the sector fell in the three months to June, at the fastest rate since December 2023, according to the Confederation of British Industry (CBI).

It is the first time activity has decreased in more than a year.

Banks led the downturn with output dropping sharply over the latest quarter, and businesses bracing for a further slowdown over the coming months.

It comes amid efforts among squeezed UK businesses to reduce costs – with the firms surveyed saying they anticipate profitability to improve modestly amid the staffing cuts.

Meanwhile, financial firms are expecting the level of investment to reduce in the year ahead – notably spending on land, buildings and vehicles, plants and machinery.

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15 hours ago07:56 Steph Spyro

What will this week bring?

King Charles and Queen Camilla will host the president and his wife Brigitte Macron at Windsor Castle from Tuesday to Thursday.

Keir Starmer will be involved in the festivties, which culminates in a UK-France summit on Thursday.

The key issue up for discussion is likely to be immigration, with small boat crossings surging so far this year.

15 hours ago07:40 Steph Spyro

Keir Starmer bracing for fresh rebellion by MPs over key issue

Keir Starmer is bracing for a fresh battle with his MPs over reforms to support for children with special needs.

There are concerns that there could be changes to legally enforceable rights for parents to ensure their children receive bespoke support for their needs.

Read the full story here

16 hours ago07:21 Steph Spyro

Keir Starmer humiliation as EU ‘scuppers’ new one in one out migrant deal

Keir Starmer's flagship plan to tackle the small-boats crisis is in jeopardy following EU objections, it is understood.

The Prime Minister was set to announce a "one in, one out" agreement with France.

But Whitehall sources have played down the prospect of a breakthrough this week following an intervention by the European Commission.

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16 hours ago07:01 Steph Spyro

Labour facing next spending battle with backbenchers

Downing Street is facing another bruising battle following last week’s humiliating retreat on welfare reforms.

MPs, campaigners and parents have voiced concern at its overhaul of special needs education for children in England.

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标签：政治
关键词： Comments Rachel Reeves Labour Starmer Sponsored welfare Minister