Minister declines to rule out tax rises after welfare concessions – UK politics live

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"Minister Indicates Potential for Tax Increases Amid Labour Welfare Concessions"

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A cabinet minister has indicated that tax rises cannot be ruled out following Labour's recent concessions to rebel backbenchers regarding welfare policies. Pat McFadden, the Chancellor of the Duchy of Lancaster, emphasized during an interview on BBC Breakfast that he would not speculate on the specifics of the upcoming budget, which is set to be unveiled in the autumn. He reiterated that the government intends to adhere to the tax commitments made in their manifesto during the last election. However, he acknowledged that the recent concessions, which left a £4.8 billion gap in Labour's spending plans, will have significant financial implications. McFadden stated that the changes to welfare policies, including the decision to delay reforms to personal independence payments (PIP), are part of a larger budgetary picture that includes multiple moving parts, making it difficult to predict the overall fiscal outcome at this stage.

In addition to McFadden's comments, discussions have arisen among MPs regarding potential measures to address the financial shortfall, with some backbenchers suggesting the need to explore wealth taxes or capital gains tax as possible solutions. The recent vote in Parliament, where the government’s welfare bill passed with a majority, was a crucial moment that prevented a significant setback for the government. However, the concessions made to appease welfare rebels have effectively postponed key reforms that were central to Labour leader Keir Starmer's agenda, particularly concerning PIP changes that are not expected to be reviewed until 2026. This situation highlights the ongoing tensions within the party and raises questions about future tax policies, as the government navigates the complexities of fiscal management while addressing internal party dynamics and external economic pressures.

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A cabinet minister has declined to rule out tax rises after Labour’s welfare concessions to backbench rebels.

Pat McFaddentold BBC Breakfast he is “not going to speculate” on what could be in the budget, due in the autumn, but said that ministers “will keep to the tax promises” in their manifesto.

Labour faces renewed speculation over its tax plans after concessions to the party’s welfare rebels left a £4.8bn hole inRachel Reeves’s spending plans.

Asked whether economists were right that tax rises look likely, the chancellor of the duchy of Lancaster told the programme:

This is one moving part of the budgetary picture, it does have a financial consequence yesterday.

I’m not going to speculate on where the budget lands, because there are so many other different moving parts in it, and it wouldn’t make sense for me to do that.

Asked explicitly whether he could rule out tax rises, McFadden said:

I’m not going to speculate on the budget.

We will keep to the tax promises that we made in our manifesto when we fought the election last year. But it doesn’t make sense for me to speculate on something where, as I say, there are so many moving parts of which this is only one element.

Separately, McFadden told Times Radio that there will be “financial consequences” to the government’s concessions to welfare rebels.

He told Times Radio:

This is a decision that will have financial consequences. The process of the last couple of weeks does have financial consequences.

They will all be taken together with all the other moving parts that there are in the economy, in the fiscal picture at the budget, and that will be set out at the time. But I’m not denying that when you set out on a plan that has a cost attached to it, and then you have to change that or take it forward in slower time, that is a decision with financial consequences.

MPs voted through the government’s welfare bill by 335 votes to 260 – a majority of 75.

The concessions, including the last-minute shelving of plans to restrict eligibility forpersonal independence payments (Pip), were enough to head off the government’s firstCommonsdefeat on Tuesday evening. But they also removed a key plank ofKeir Starmer’s welfare reform agenda, delaying changes to Pip until after a review of the benefit not due to conclude until autumn 2026.

More on this in a moment, but first, here are some other developments:

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Source: The Guardian