Simplification, sanctions and cuts won’t create jobs

Over the last few days the coalition has been keen to sell Universal Credit as the answer to all the labour market’s problems. After the deepest recession in decades, they are confident they can reduce worklessness by 300,000 jobs (a ‘conservative’ estimate), reduce child and working age poverty, reduce working-age welfare expenditure by £18 billion and make everyone in work better off, simply by reforming the welfare system.

Reeves
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Five key takeaways from Rachel Reeves’ Spring Statement

Chancellor Rachel Reeves has given her long-awaited Spring Statement to Parliament today, as she lays out her latest plans for the public finances. 1.Economy The Chancellor confirmed that the Office for Budget Responsibility has downgraded growth forecasts for 2025 fromtest