Business news and discussion on TalkFuse.
Tories set out £36bn welfare cuts in push for savings
The Conservatives have published a 50-page plan proposing more than £36 billion in annual welfare savings, saying reductions are needed to support the public finances. The proposals would substantially change access to disability and sickness benefits, as well as other support, and place the party’s approach in contrast with the Labour government’s ongoing reviews of the benefits system.
The party says nearly £14 billion would come from sickness and disability reforms, including ending standard-rate Personal Independence Payments for some milder mental health and neurodiversity conditions. It also proposes restricting some benefits for foreign nationals, restoring the two-child benefit cap, and changing housing support, Motability and fraud controls. The figures are Conservative estimates; the article says Labour has not committed to reducing the welfare bill by 2030.
In short
- Conservatives propose more than £36bn in yearly welfare savings.
- Disability benefits and eligibility for some claimants would change.
- The plans include restoring the two-child benefit cap.