No savings from welfare bill after PIP changes shelved – will taxes rise this autumn?

Labour’s welfare bill passed on Tuesday, but eleventh-hour concessions could reduce the overall savings to zero

Prime minister Keir Starmer
(Image credit: Photo by Leon Neal/Getty Images)

The government is in crisis after watering down benefit reforms further – an eleventh-hour attempt to salvage the welfare bill as rebels attempted to block it at a Commons vote on Tuesday.

New eligibility rules for personal independence payments (PIP) – a disability benefit – have now been shelved.

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Katie Williams
Staff Writer

Katie has a background in investment writing and is interested in everything to do with personal finance, politics, and investing. She enjoys translating complex topics into easy-to-understand stories to help people make the most of their money.

Katie believes investing shouldn’t be complicated, and that demystifying it can help normal people improve their lives.

Before joining the MoneyWeek team, Katie worked as an investment writer at Invesco, a global asset management firm. She joined the company as a graduate in 2019. While there, she wrote about the global economy, bond markets, alternative investments and UK equities.

Katie loves writing and studied English at the University of Cambridge. Outside of work, she enjoys going to the theatre, reading novels, travelling and trying new restaurants with friends.