"Jenrick pledged what he called "historic tax changes" alongside a major overhaul of the welfare system, warning that Britain faces a looming "benefits bomb" that threatens to destabilise the public finances. 'On the verge of a crisis' Speaking to supporters and media, the former Communities Secretary said the UK is "on the verge of a public finance crisis," pointing to record levels of benefits spending that he argues are placing unsustainable pressure on the Treasury."
""Our nation cannot sustain the current trajectory of welfare spending," Jenrick said. "Reform UK's plan will put hard-earned money back in the pockets of taxpayers, while ensuring that those who can work are supported to do so." The party claims its proposals would incentivise employment, reduce long-term dependency on state support and restore fiscal discipline, though full costings have yet to be published."
Robert Jenrick unveiled a sweeping fiscal policy plan proposing 'historic tax changes' and a major overhaul of the welfare system to avert a projected public finance crisis. He warned of a looming 'benefits bomb' and said record benefits spending places unsustainable pressure on the Treasury. Jenrick pledged to return money to taxpayers while supporting those able to work, aiming to incentivise employment, reduce long-term dependency and restore fiscal discipline. The party claims the measures will encourage work and fiscal sustainability, but full costings for the proposals have not been published.
Read at London Business News | Londonlovesbusiness.com
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