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UK government is considering welfare cuts and reforms to special educational needs (SEND) policies. The Department for Work and Pensions (DWP) is reviewing benefits like PIP amid criticism, while plans to overhaul SEND support face opposition from parents and MPs. The reforms aim to address rising costs and system failures.
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Kemi Badenoch outlined a series of bold policies at the Conservative conference, including abolishing stamp duty, reversing Labour's tax hikes, and scrapping the Climate Change Act. She aims to shift focus from climate commitments to economic growth, amid criticism from Labour and environmental groups. The story highlights the party's controversial policy direction as the election approaches.
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Rachel Reeves faces a £30bn budget gap amid rising borrowing costs and sluggish growth. She is expected to consider significant tax increases, including expanding VAT or other main taxes, to close the shortfall ahead of her November budget. Economic warnings and political pressures complicate her options.
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Reform UK leader Nigel Farage has outlined plans for modest tax cuts, deregulation, and a focus on becoming a pro-business government. The party aims to remove inheritance tax from family farms, raise tax thresholds, and reassess public sector benefits, amid concerns over economic stability and Brexit's impact. The proposals face criticism from Labour and Conservatives.
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The UK government faces a complex budget ahead, balancing rearmament costs, economic recovery, and environmental protections. Labour criticizes Brexit's economic impact, while tensions with the EU over environmental standards threaten trade relations. The government aims to boost growth amid inflation and security concerns.
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UK Chancellor Rachel Reeves is set to announce her second budget amid economic challenges, including rising unemployment and a shrinking jobs market. She signals potential tax hikes, breaking previous manifesto promises, to address a significant fiscal deficit and fund public services, with a focus on fairness and economic stability.
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Prime Minister and Labour leaders signal plans to abolish the two-child benefit limit, aiming to reduce child poverty. The policy, introduced in 2017, restricts welfare claims for families with more than two children. Official figures show 4.5 million children live in poverty, with campaigners urging urgent action ahead of the November 26 Budget.
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UK Chancellor Rachel Reeves is set to deliver her budget amid economic uncertainty, with expected tax hikes, spending cuts, and reforms to property taxes. The government faces pressure to balance public finances while avoiding market instability and political backlash, as debates over tax policy and growth strategies intensify.
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Recent articles reveal a leak of the UK budget details before the official announcement, causing market fluctuations and political controversy. The Office for Budget Responsibility (OBR) accidentally published its economic forecast early, contradicting government claims about improved forecasts influencing tax decisions. The incident intensifies scrutiny of government-OBR relations amid ongoing budget debates.
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New UK government forecasts show the tax burden will peak at 38.3% of GDP by 2030/31, driven by increased welfare spending and frozen tax thresholds. The forecasts also predict higher government debt and inflation, with measures including extended threshold freezes and welfare reforms announced in the recent Budget.
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The UK government plans to introduce a £2,000 cap on salary sacrifice for pensions from 2029, aiming to increase revenue but raising concerns about its impact on retirement savings and workers' take-home pay. The move could raise £4bn annually but faces industry opposition.