Labour will save £3 billion by implementing "own reforms" to the benefits syste

The minister of work and pensions argues the government must save money instead of pursuing the Tory ideas.




Instead of adhering to Conservative proposals, a minister has proposed that Labour implement its "own reforms" to the benefits system in order to achieve cuts of £3 billion.

Times Radio questioned Alison McGovern, the minister of employment and pensions, on why Labour was pursuing measures to change work capacity rules that had been outlined by the previous Tory government.

In keeping with the Conservatives' plans to reduce spending over four years by altering the work capability assessment, the Daily Telegraph said on Friday that the government intended to reduce the welfare cost by £3 billion by restricting access to sickness payments.


"The Department for Work and Pensions, like all departments, must make savings because we are in a dire financial situation," McGovern stated. To clarify, on that However, since the last 14 years have been a total failure in terms of jobs, we will propose our own measures.

"We will not proceed with the Tory plan because that was theirs," she continued when asked whether this meant there would be no cuts. Like all departments, we will have to make cuts, but we will also implement our own reforms.

The new administration's spending and tax plans, including changes to stamp duty, capital gains tax, and vaping charges, are the subject of a lot of rumours and leaks in the lead-up to the government's first budget, which is due on October 30.


It was revealed last week that Rachel Reeves, the chancellor, wants to generate £40 billion through budget and tax increases. financial cutbacks. It said there would be "painful" decisions to be made and that the previous government had left a £22 billion deficit in the public finances shortly after Labour took office.

The government intended to raise more money through inheritance tax, according to a Friday BBC story. Both the number of persons who are expected to pay more and the amount of the increase are unknown.

It is known that the chancellor and prime minister are debating modifications to the tax, which currently offers a number of exclusions and reliefs.

40% inheritance tax is applied on a deceased person's assets, money, and property over a £325,000 threshold. It generates over £7 billion annually and roughly Inheritance taxes are assessed in 4% of cases.
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