The Financial Times says that by"gutting" his welfare billto fend off a full-scale rebellion, Sir Keir Starmer has left a multi-billion pound hole in the public finances. The Times reports that in its current formthe bill could end up increasing spending. For the Guardian, it was a"dramatic climbdown"after a "week of chaos".The Daily Telegraphreports that emboldened left-wingers are expected to seize on the prime minister's weakness by pushing for new wealth taxes in the autumn. Fear and uncertainty remain for thousands of vulnerable people, according to theDaily Mirror. The paper's headline is "No Winners". The Times reports thatkey elements of Labour's workers rights package have been delayed until 2027after criticism from business leaders. The proposed measures include protection from unfair dismissal from the first day in a job and flexible working being the default unless an employer proves it is unreasonable. The Times has seen a letter written by Business Secretary Jonathan Reynolds in which he recognises that firms "have a lot on at the minute" and, the paper says, he does not rule out further concessions. Ministers have been forced to push back the publication of a plan for the life sciences sector, according to a report in theFinancial Times. The paper says the pharmaceutical industry is locked in a dispute with the government about the terms of a review of drug pricing. A number of papers pick up on a Times story which reports that the drugs giantAstrazeneca is considering quitting its listing on the London Stock Exchange, for the US. Chief executive Sir Pascal Soriot is said to be deeply frustrated with the operating environment in the UK. The company has refused to comment The Daily Mail leads on therecord number of small boat crossingssaying it has laid bare Labour's failure to protect the UK's borders. The paper's editorial calls for the prime minister to reinstate the Rwanda scheme as soon as possible. The Sun picturesFrench police officers riding a buggy on a beachwith an overloaded migrant boat in the background. The UK has paid for the kit, the Sun says, but the cops aren't stopping the boats. Sign up for our morning newsletterand get BBC News in your inbox.
The Papers: 'Starmer guts welfare reform' and 'Buggy useless'
TruthLens AI Suggested Headline:
"Sir Keir Starmer Alters Welfare Reform Bill Amid Political Pressure and Economic Concerns"
Bbc News
6.8
TruthLens AI Summary
Recent reports indicate that Sir Keir Starmer has significantly altered his welfare reform bill, resulting in what The Financial Times describes as a 'gutting' of the proposed legislation. This decision has raised concerns about a potential multi-billion pound gap in public finances. The Times further elaborates that, in its current iteration, the welfare bill could inadvertently lead to increased government spending rather than the intended reductions. The Guardian characterizes Starmer's retreat from his initial proposals as a 'dramatic climbdown' following a tumultuous week, while The Daily Telegraph notes that left-wing factions within the Labour Party are likely to capitalize on this perceived weakness by advocating for new wealth taxes in the upcoming autumn sessions. Amidst these political maneuverings, the Daily Mirror emphasizes the ongoing fear and uncertainty affecting thousands of vulnerable individuals who rely on welfare support, encapsulated in its headline, 'No Winners.'
In addition to the welfare reforms, The Times highlights that key components of Labour's workers' rights package have been postponed until 2027 due to pushback from business leaders. The proposed measures, which include protections against unfair dismissal from the first day of employment and making flexible working the default option, have faced scrutiny. Business Secretary Jonathan Reynolds acknowledged in a letter that companies are currently overwhelmed, leaving the door open for further concessions on the part of the government. Moreover, the Financial Times reported delays in the publication of a strategic plan for the life sciences sector, as the pharmaceutical industry is embroiled in a dispute with the government over drug pricing reviews. Compounding these issues, AstraZeneca's chief executive has expressed frustration with the UK’s operating environment, hinting at the possibility of the company moving its listing from the London Stock Exchange to the US. The Daily Mail and The Sun highlight the record number of small boat crossings, criticizing Labour's handling of border security and calling for the reinstatement of the Rwanda scheme, while also depicting French police as ineffective in curbing migrant crossings despite UK-funded resources.
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