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      Bank of England Governor Andrew Bailey said cited several indicators that the labour market was softening.

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universal credit

  • The Debate: Should cultural landmarks have equal pricing for benefits claimants?

    Opinion

    As discounted tickets for those on benefits kicks off a Twitter storm over 'fairness', we hear both sides of the argument in the Debate.

    Historic Tower of London under clear blue sky, showcasing iconic medieval architecture and stone walls, attracting tourist...
  • The many ways the system is failing graduates like me

    Opinion

    Graduates are facing a two-pronged attack from a shrinking jobs market and an expanding welfare state that actively incentivises us to live off benefits, says Oliver Dean In recent weeks, the graduate crisis has garnered significant attention. As someone set to graduate this summer, I am in the same boat as hundreds of thousands of [...]

    UK university graduate in cap and gown holding diploma at a campus ceremony, celebrating academic achievement and success
  • Reeves must get ruthless on welfare

    Opinion

    Rachel Reeves’ plans for a youth guarantee scheme and lifting the two-child benefit cap are not enough to tackle the spiralling welfare bill, says Jamila Robertson This week, Chancellor Rachel Reeves announced her plan to fix the unemployment crisis, which has seen 621,000 under-24s out of work this year. Reeves’ ‘youth guarantee’ scheme would provide [...]

    The government has been criticised that a new green tax will rise prices. (Photo by Dan Kitwood/Getty Images)
  • Labour say manifesto stands ‘today’ as Reeves ducks VAT hike

    September 29, 2025

    The Chancellor would not rule out fresh rises to VAT ahead of her speech to Labour Party Conference later today, when pressed on the issue by LBC’s Nick Ferrari this morning.  Asked whether Brits could face increases to the retail levy, Reeves said: “You’ll know we made those commitments in our manifesto, and those commitments [...]

  • Labour’s welfare U-turn spikes fears of tax hikes

    June 27, 2025

    The Labour government has confirmed its latest U-turn with a significant retreat on welfare reform dealing a crushing blow to Rachel Reeves’ waning fiscal headroom. The bill initially targeted restrictions on personal independence payments (PIP) and limited the sickness-related element of universal credit in a bid to shed £5bn from the welfare budget by 2030. Under [...]

  • Liz Kendall unveils welfare reform package aimed at saving £5bn by 2030 

    March 18, 2025

    Liz Kendall has unveiled a major package of reforms to the UK’s welfare system with the aim of saving the government £5bn by 2030.

  • The welfare system isn’t working – here’s how to fix it

    March 10, 2025

    Claims for incapacity benefits have gone up by 27 per cent while 35 per cent more have no obligation to look for work. The system needs radical reform, starting with these four changes, say Jean-Andre Prager and Dr Sean Phillips Britain’s health and disability benefits system isn’t working. The Office of Budget Responsibility estimates the [...]

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