The government has indicated it could cut benefits for the poorest in society to pay for tax cuts benefiting the rich.
, that promise could now be scrapped.
Ministers were told yesterday they will need to find ‘efficiency savings’ in departmental budgets and beleaguered chancellor Kwasi Kwarteng made it clear benefits could be hit. Chris Philp, the chancellor’s deputy in the Treasury, also refused to commit to the government’s previous pledge during an appearance on ITV.
An announcement on changes is usually made in November, coming into effect the following April, and it impacts Personal Independence Payment, Attendance Allowance, Disability Living Allowance, Carer’s Allowance, Incapacity Benefit and others.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tory MP brands mini-budget a communication 'error' that 'sent out the wrong signals'The Chancellor's mini-budget was an 'error' of communication and the cut on the top rate of tax 'sent out the wrong signals', Tory MP Sir Robert Neill has told LBC.
Read more »
Liz Truss backs tax-cutting plan and fracking in testing local radio interviewsLiz Truss has defended plans to cut tax and grow the economy, despite the negative reaction from the market which forced the Bank of England to intervene.
Read more »
'This Inept Madness Cannot Go On': Tory MP Blasts Truss As Markets Recoil At Tax CutsSimon Hoare's intervention comes amid mounting criticism of the government economic strategy.
Read more »
Bank of England Steps in to Restore Stability After IMF WarningBank of England moved to restore stability after the IMF said unfunded tax cuts in the U.K. may fuel inflation and are likely to increase economic inequality
Read more »