EconomyHealey backs away from welfare cuts this parliament amid warnings over public finances

John Healey said no timetable had been set to reduce welfare spending during this parliament. The Institute for Fiscal Studies criticized his budget for avoiding major tax and spending choices, warning that an additional £28bn a year was needed and that departments could face severe real-terms cuts.

UK budgetwelfare spendingpublic financesfiscal policy

TThe Guardian★★★☆☆2026-10-29 20:02Original