Latest / Leeds News Today | 2 Min News | The Daily News Now!
Chancellor’s Tightrope: Budget, Benefits, and Tax | Leeds News
New Chancellor John Healey faces a tough balancing act: cutting ballooning benefits costs—like Personal Independence Payments, now projected to soar to £78 billion by 2030—while boosting defense spending, a move he once resigned over. With over 100,000 more ADHD patients receiving benefits in just two years, tough choices loom. He’s already vowed fiscal control as a national security priority. Meanwhile, the frozen personal allowance, stuck since 2021, leaves basic-rate taxpayers losing roughly £700 annually—despite inflation pushing it to over £16,000. His first move? A VAT cut on…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.