Latest news with #spendingCuts
Reuters
a day ago
- Business
- Reuters
French PM Bayrou says he will introduce legislation on pensions following talks
PARIS, June 26 (Reuters) - French Prime Minister Francois Bayrou said on Thursday he would submit legislation on pensions in the autumn to take into account agreements made in talks between unions and employers during months of talks. Bayrou is struggling to overcome political divisions as he prepares to present plans next month for 40 billion euros ($46.79 billion) in spending cuts for the 2026 budget, and faces a possible no-confidence vote over pensions. ($1 = 0.8549 euros)
Bloomberg
18-06-2025
- Business
- Bloomberg
Allegra Stratton: Will Rachel Reeves Undo the Non-Dom Mess?
In the Treasury right now, hot and bothered civil servants will already be working away on options for the autumn Budget. But there'll be a worry in the back of their minds. Rachel Reeves has already U-turned on one signature spending cut, the winter fuel allowance. There are now whispers of another: the possibility of a reverse ferret on one of her tax rises, the abolition of the perks of non-dom status.
-holds-a-banner-as-he-takes-part-in-the-No-More-Austerity-2-0-march.jpeg%3Ftrim%3D0%2C0%2C0%2C0%26width%3D1200%26height%3D800%26crop%3D1200%3A800&w=3840&q=100)
The Independent
07-06-2025
- Politics
- The Independent
Jeremy Corbyn amongst thousands at rally to protest Labour ‘austerity'
Thousands protested in central London against government spending cuts and welfare reforms, organised by The People's Assembly and attended by former Labour leader and independent MP Jeremy Corbyn. Organisers, including The People's Assembly, criticised the government for implementing spending cuts that disproportionately affect vulnerable members of society. Various organisations, such as the National Education Union, Green Party, and RMT union, participated in the march from Portland Place to Whitehall. Protesters held signs with slogans like 'Tax the rich, stop the cuts – welfare not warfare' and 'Nurses not nukes'. A People's Assembly spokesperson stated that adherence to 'fiscal rules' traps the UK in a public service funding crisis, advocating for taxing the rich to fund public services and investment.
Yahoo
07-06-2025
- Health
- Yahoo
Anti-austerity demonstration sees thousands protest Labour spending cuts in London
Thousands have gathered in central London to protest government spending cuts and welfare reforms, in a demonstration organised to send a message to ministers. The People's Assembly, the campaign group behind the event, anticipated a large turnout of trade unionists, campaigners, and activists. Among those on the slate to address the rally in Whitehall were MPs Jeremy Corbyn and Diane Abbott. Organisers have criticised the government for implementing spending cuts that disproportionately affect the most vulnerable members of society. Representatives from various organisations, including the National Education Union, Revolutionary Communist Party, Green Party, and the Rail, Maritime and Transport (RMT) union, were present at the march's starting point in Portland Place. The march commenced towards Whitehall shortly before 1pm, with a significant crowd participating. Many of the protesters were holding placards that read 'Tax the rich, stop the cuts – welfare not warfare'. Other signs being held aloft said 'Nurses not nukes' and 'Cut war, not welfare'. A People's Assembly spokesperson said: 'The adherence to 'fiscal rules' traps us in a public service funding crisis, increasing poverty, worsening mental health and freezing public sector pay. 'Scrapping winter fuel payments, keeping the Tory two-child benefit cap, abandoning Waspi women, cutting £5 billion of welfare by limiting Pip and universal credit eligibility, and slashing UK foreign aid from 0.5% to 0.3% of GDP, while increasing defence spending to 2.5% of GDP, are presented as 'tough choices'. 'Real tough choices would be for a Labour government to tax the rich and their hidden wealth, to fund public services, fair pay, investment in communities and the NHS.' The People's Assembly said it is bringing together trade unionists, health, disability, housing, and welfare campaigners with community organisations under the slogan: No to Austerity2.0. There will be also be speeches from trade union leaders, disability rights activists, anti-poverty campaigners and groups calling for more investment in the NHS and other public services. The spokesperson added: 'We face a growing threat from the far right, fuelled by racism, division and failed politics. We need to see people's lives improve, we need to see the vulnerable cared for and an end to child poverty. 'On June 7, we march for education, for our NHS, for welfare, for refugees, against hate, and for a society in which our children can flourish.'
The Independent
07-06-2025
- Health
- The Independent
Anti-austerity demonstration sees thousands protest Labour spending cuts in London
Thousands have gathered in central London to protest government spending cuts and welfare reforms, in a demonstration organised to send a message to ministers. The People's Assembly, the campaign group behind the event, anticipated a large turnout of trade unionists, campaigners, and activists. Among those on the slate to address the rally in Whitehall were MPs Jeremy Corbyn and Diane Abbott. Organisers have criticised the government for implementing spending cuts that disproportionately affect the most vulnerable members of society. Representatives from various organisations, including the National Education Union, Revolutionary Communist Party, Green Party, and the Rail, Maritime and Transport (RMT) union, were present at the march's starting point in Portland Place. The march commenced towards Whitehall shortly before 1pm, with a significant crowd participating. Many of the protesters were holding placards that read 'Tax the rich, stop the cuts – welfare not warfare'. Other signs being held aloft said 'Nurses not nukes' and 'Cut war, not welfare'. A People's Assembly spokesperson said: 'The adherence to 'fiscal rules' traps us in a public service funding crisis, increasing poverty, worsening mental health and freezing public sector pay. 'Scrapping winter fuel payments, keeping the Tory two-child benefit cap, abandoning Waspi women, cutting £5 billion of welfare by limiting Pip and universal credit eligibility, and slashing UK foreign aid from 0.5% to 0.3% of GDP, while increasing defence spending to 2.5% of GDP, are presented as 'tough choices'. 'Real tough choices would be for a Labour government to tax the rich and their hidden wealth, to fund public services, fair pay, investment in communities and the NHS.' The People's Assembly said it is bringing together trade unionists, health, disability, housing, and welfare campaigners with community organisations under the slogan: No to Austerity2.0. There will be also be speeches from trade union leaders, disability rights activists, anti-poverty campaigners and groups calling for more investment in the NHS and other public services. The spokesperson added: 'We face a growing threat from the far right, fuelled by racism, division and failed politics. We need to see people's lives improve, we need to see the vulnerable cared for and an end to child poverty. 'On June 7, we march for education, for our NHS, for welfare, for refugees, against hate, and for a society in which our children can flourish.'
