BusinessPostCorner.com
No Result
View All Result
Monday, July 20, 2026
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Welfare U-turn makes spending decisions harder, minister says

July 6, 2025
in Business
Reading Time: 2 mins read
A A
0
Welfare U-turn makes spending decisions harder, minister says
ShareShareShareShareShare

Spending decisions have been made “harder” by the government’s U-turn on welfare changes, the education secretary has said, as she did not commit to scrapping the two-child benefit cap.

Bridget Phillipson told BBC One’s Sunday With Laura Kuenssberg programme that ministers were “looking at every lever” to lift children out of poverty.

But she said removing the cap would “come at a cost” and insisted the government was supporting families with the cost of living in other ways.

It comes after a rebellion of Labour MPs forced the government to significantly water down a package of welfare reforms that would have saved £5bn a year by 2030.

The climbdown means the savings will now be delayed or lost entirely, which puts pressure on Chancellor Rachel Reeves ahead of the autumn Budget.

Before its retreat on benefits, the Labour government was considering lifting the two-child benefit cap, a policy that restricts means-tested benefits to a maximum of two children per family for those born after April 2017.

When asked if the chances of getting rid of the cap had diminished, Phillipson said: “The decisions that have been taken in the last week do make decisions, future decisions harder.

“But all of that said, we will look at this collectively in terms of all of the ways that we can lift children out of poverty.”

Credit: Source link

ShareTweetSendPinShare
Previous Post

Millions of Gen Z are jobless yet ghosting employers. Phone anxiety is to blame—and experts say voice notes are the cure

Next Post

Drake Compares Love Life to Bitcoin Price Swings in New Lyrics

Next Post
Drake Compares Love Life to Bitcoin Price Swings in New Lyrics

Drake Compares Love Life to Bitcoin Price Swings in New Lyrics

Sam Altman ChatGPT AI Predicts Insane SpaceX Stock Price by End of 2026

Sam Altman ChatGPT AI Predicts Insane SpaceX Stock Price by End of 2026

July 13, 2026
Atlassian is hiring HR’s new role: planner for people and AI agents

Atlassian is hiring HR’s new role: planner for people and AI agents

July 17, 2026
Tax-exempt central organizations get new IRS form

Tax-exempt central organizations get new IRS form

July 14, 2026
FASB chair plans for new standards, semiannual reporting

FASB chair plans for new standards, semiannual reporting

July 16, 2026
SoftBank’s Masayoshi Son ridicules AI critics for ‘spitting upwards’

SoftBank’s Masayoshi Son ridicules AI critics for ‘spitting upwards’

July 14, 2026
Strategy’s Bitcoin Balance Sheet Floor: K–K

Strategy’s Bitcoin Balance Sheet Floor: $8K–$10K

July 16, 2026
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Markets brace for all-out war in Iran as former NATO commander warns Suez Canal could be next

Markets brace for all-out war in Iran as former NATO commander warns Suez Canal could be next

July 19, 2026
This farmer wanted to quit the cocaine industry – he couldn’t

This farmer wanted to quit the cocaine industry – he couldn’t

July 19, 2026

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!