Rachel Reeves hints taxes may rise because of benefits retreat

When therapy culture meets benefits street

Mental health is on the news agenda — and not just that of the Chancellor of the Exchequer, silently weeping through Wednesday’s PMQs, nor that of the anxious traders who panicked straight afterwards. The collapse of the government’s welfare reform plans, smashing yet another black hole into Rachel Reeves’s budget calculations, has put the issue of benefits for those with psychological disorders in the spotlight. The figures are indeed eye-water…

Reeves says welfare fallout ‘damaging’ and declines to rule out tax hikes

The Chancellor warned there would be ‘costs to what happened’ as she faced questions about how she would cover the shortfall left by concessions.

Labour rebels smell blood and plan to force PM to end two-child benefit cap

Sir Keir Starmer is coming under mounting pressure from within his own Cabinet to scrap the two child benefit cap, despite Treasury warnings over a lack of funding to ditch the policy. The demand to remove the cap on benefit payments to families with more than two children comes in the same week that MPs forced the Prime Minister to back down on plans to cut £5bn from the welfare budget. The climbdown has handed Rachel Reeves a major headache ah…

Britain ‘vulnerable’ after Labour reversals, warns credit ratings giant

Rachel Reeves has ‘very limited budgetary room for manoeuvre’, according to S&P

Rachel Reeves will raid pension pots to pay for Labour welfare U-turn

Chancellor is expected to target wealthier taxpayers if forced to raise funds to cover the £5 billion shortfall created by the U-turn.

Raising taxes would be a relief for Rachel Reeves

Yesterday, Reeves hinted at the answer, arguing that the extra costs 'would be reflected in the Budget’. Taxes are going up.