"Reform UK has pledged a sweeping overhaul of the UK's welfare and tax system, warning that the country is facing a "benefits bomb" that threatens to push public finances to the brink. Speaking at a press event in London, former Communities Secretary Robert Jenrick outlined the party's plans for "historic tax changes" aimed at incentivising work and reducing dependency on state support. The announcement comes as Reform UK highlights alarming statistics showing that benefits spending has reached record levels, placing increasing pressure on the Treasury."
"Our nation cannot sustain the current trajectory of welfare spending. 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. Defusing the 'Benefits Bomb' Reform UK warns that decades of Labour and Conservative policies have created a system where millions rely on state benefits, with some households locked into long-term dependency. The party argues that unless significant reforms are enacted, the UK faces both economic stagnation and growing social inequality."
Reform UK pledged a sweeping overhaul of the welfare and tax system and warned of a 'benefits bomb' threatening public finances. Robert Jenrick outlined historic tax changes to incentivise work and reduce dependency on state support. Benefits spending has reached record levels, increasing pressure on the Treasury and risking a public finance crisis. The proposals aim to return money to taxpayers while ensuring those able to work are supported. Planned measures include targeted income tax and National Insurance cuts for low- and middle-earners, welfare and housing benefit reforms to align support with work incentives, and streamlining the benefits system.
Read at London Business News | Londonlovesbusiness.com
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