The Independent investigates significant current events, including reproductive rights, climate change, and political matters, providing insights without paywalls. A recent political crisis sparked emotions as Rachel Reeves cried during questioning over her future. This turmoil stemmed from a rebellion of 49 Labour MPs against government welfare cuts, increasing pressure on the Prime Minister. The Institute for Fiscal Studies revealed that the new welfare reforms would incur costs instead of savings, raising concerns in financial markets and leading to calls for a wealth tax to reconcile budget issues.
A distressed Rachel Reeves shed tears in the House of Commons as Sir Keir Starmer dodged a question over her future on a tumultuous day for the government.
The government faced a damaging rebellion over welfare cuts by 49 Labour MPs, leading to significant pressure on the Prime Minister and his team regarding their political futures.
The Institute for Fiscal Studies revealed that the weakened welfare reforms would end up costing money rather than saving billions as initially planned, causing concerns in the bond markets.
Calls have intensified for a wealth tax to address the £5 billion funding gap created by the Prime Minister's welfare U-turns, indicating growing unrest within the government.
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