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Healey backs away from cutting welfare cost despite warnings of public finance shortfall

Source: Guardian World · Oct 29, 2026 20:02 UTC

The Quick Take

Experts round on chancellor over ‘scattergun’ budget, saying he ducked big tax and spending decisions John Healey has backed away from cutting the cost of welfare this parliament, amid dire warnings his first budget could lead to brutal spending cuts because of a £28bn shortfall in public finances. Experts rounded on Healey’s steady-as-she-goes budget on Thursday, with the Institute for Fiscal Stu

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