Post by jonksy on Sept 20, 2024 5:15:31 GMT
Treasury is landed with an extra £10BILLION because of Bank of England decision... but Rachel Reeves is STILL expected to press on with winter fuel payments cut...
Reeves has been given a £10 billion budget boost by the Bank of England - but the Chancellor of the Exchequer is still expected to press ahead with scrapping winter fuel payments.
Members of her own party are now calling for the senior Labour minister to delay spending cuts, as she is understood to remain firm despite their demands.
Reeves is instead said to be preparing to bank the extra cash, as she looks to sure up her commitments to fiscal discipline and leave herself room to spend it on other projects further down the line, The Times reports.
Members of her own party are now calling for the senior Labour minister to delay spending cuts, as she is understood to remain firm despite their demands.
Reeves is instead said to be preparing to bank the extra cash, as she looks to sure up her commitments to fiscal discipline and leave herself room to spend it on other projects further down the line, The Times reports.
Rachel Reeves has been given a £10 billion budget boost by the Bank of England -
but is still expected to press ahead with scrapping winter fuel payments
Labour MP Rachael Maskell blasted slashing winter fuel payments as she said they would raise only a 'tiny proportion' of the £10billion funding the Chancellor has now been given - saying Reeves should 'absolutely' reconsider it now.
She told the broadsheet: 'It's a responsible decision if they have got additional funding. I think there are many demands, but this is most urgent to keep people safe this winter. We've got to do everything we can to keep people warm.