The government will spend £16bn a year more by the end of the decade on welfare than was expected only six months ago, according to the OBR — the result of policy U-turns, the abolition of the two-child benefit cap, higher than forecast inflation and “an increase in disability caseloads”.

Britain’s unpopular center-left Labour government sought to seize the political narrative Wednesday with a tax-raising budget that it hopes will boost economic growth, reduce child poverty and ease cost-of-living pressures.

Umunna, who left politics in 2019, will take up the newly created role of head of ESG in Europe, the Middle East, and Africa at JP Morgan. Overall, more than a million companies say they will run out of cash reserves in the coming three months, the party says.

Indian-origin steel magnate Lakshmi Mittal is leaving the UK as Labour prepares major tax hikes targeting the wealthy, as per a report. Now a Swiss tax resident, Mittal plans to spend more time in Dubai,

British Chancellor Rachel Reeves raised taxes to an all-time high in the annual budget. As the UK grapples with persistent inflation and sluggish growth, she has sought to reduce the inflation’s brunt,

The new reforms, modeled after Denmark, would revoke the U.K.’s legal duty to provide support for asylum seekers, allowing the government to withdraw housing and weekly allowances that are now guaranteed. Benefits could also be denied to people who have a right to employment but don’t work, and those who break the law or work illegally.

UK Finance Minister Rachel Reeves will present her second annual budget to parliament this Wednesday, promising to plug a spending gap of at least £30 billion (€30.4 billion). Reeves has been under

British finance minister Rachel Reeves, who faces a make-or-break budget this week, should view her Labour government’s deep unpopularity as a gift. With more than three years remaining before the party must hold an election,

Despite talk of a “revolt” against the Labour leadership over the measures, which include ending the permanent residency status of refugees, less than two dozen of the party’s MPs have bothered to register any form of protest.

After a series of missteps and about-faces, British prime minister Keir Starmer’s popularity has tanked, and his leadership may not last much longer.

Reform UK has surged in popularity in London, in another damning review of Sadiq Khan’s tenure at City Hall. Labour has collapsed in support since last July, from 43% to 32%, down 11 points. By contrast Nigel Farage’s party is up a whopping eight points to 23%,