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How much will U-turn on UK disability benefits cost?
- Able_Here_Team
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5 months 1 week ago #74074
by Able_Here_Team
Labour's original plan to reform the welfare system was a hasty effort to try to make billions of pounds of cuts to a rapidly growing bill in order to help the chancellor meet her self-imposed rules on government borrowing.
But this latest U-turn raises significant questions about just how stability and credibility-enhancing it really is to tweak financial plans every six months to hit budget targets that change frequently due to a variety of reasons, including things such as the cost of borrowing which the government cannot control.
The latest deal suggests the welfare reforms will only save £2bn a year rather than the £5bn they were expected to save by 29-30
The planned cut to disability personal independent payment (Pip) eligibility was set to raise the bulk of this saving, £4.5bn.
Read More Click Here
But this latest U-turn raises significant questions about just how stability and credibility-enhancing it really is to tweak financial plans every six months to hit budget targets that change frequently due to a variety of reasons, including things such as the cost of borrowing which the government cannot control.
The latest deal suggests the welfare reforms will only save £2bn a year rather than the £5bn they were expected to save by 29-30
The planned cut to disability personal independent payment (Pip) eligibility was set to raise the bulk of this saving, £4.5bn.
Read More Click Here
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4 months 1 week ago #74116
by MikkelC
Replied by MikkelC on topic How much will U-turn on UK disability benefits cost?
This whole situation really shows how unstable and reactive the planning around welfare reforms has become. Changing major policies every few months makes it hard for people who rely on benefits to feel any sense of security.
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