Labour's recent reversal on welfare reforms raises concerns about the effectiveness and stability of their financial strategy. Originally intended to cut welfare costs significantly, the latest adjustments reduce the projected savings by more than half by 2029-30. Key changes include limiting cuts to personal independent payment eligibility, affecting only new claimants from November 2026. The new assessment criteria further complicate savings expectations, as they will only apply to a narrower scope of tasks and lack clarity on implementation, casting doubt on actual financial impacts.
Labour's recent U-turn on welfare reforms shows the challenges of managing financial plans amid changing costs, raising doubts about the credibility of their budgetary commitments.
The new assessment approach for disability benefits might limit the number of claimants, focusing only on new applicants and potentially reducing the expected savings.
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