Economy

Healey Pledges Welfare Bill Reduction Amid Rising Forecasts

Healey Pledges Welfare Bill Reduction Amid Rising Forecasts

By Islam El-Sakka

Chancellor John Healey has pledged a reduction in the welfare bill before the next general election, stating the government has a "moral duty" to help young people out of work.

Welfare spending forecasts

Government spending watchdog the Office for Budget Responsibility forecasts welfare spending will rise to £353 billion this year and reach £431 billion in 2031/32.

Political reactions

The Conservatives accused Labour of being "addicted to welfare," while Reform UK said the Budget failed to address the "ballooning" benefits bill.

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