Rachel Reeves insists changes to welfare needed
- The UK Government's stake in the Royal Bank of Scotland has decreased from 38% in December 2023 to 4.82% now, following share sales and buybacks.
- Mr. Thwaite mentioned on February 14 that the government’s selling pace suggests the stake sell-down could finish in the first half of the year.
- Matt Britzman stated that a full return to private hands would be a welcome development for investors awaiting the bank's independence.
- A NatWest Group spokesperson confirmed the shared ambition with the government to return the bank to full private ownership, noting that the Treasury’s shareholding has dropped significantly.
11 Articles
11 Articles
The 7 cuts Reeves could make at Spring Statement - including PIP and education
Rachel Reeves faces a challenging climate ahead of the Spring Statement.The Office for Budget Responsibility is expected to confirm the £9.9bn in financial headroom she had will be wiped out when it publishes its forecast on 26 March.Reeves has insisted she will not bend her fiscal rules – to not borrow to fund day to day public spending and to get debt falling as a share of national income by the end of the parliament. While the Government has …
Ministers must get a grip of broken benefits system, Reeves insists
Rachel Reeves has doubled down on the need to reform the welfare system, insisting the government must “get a grip” on it amid concerns from Labour MPs about the impact of expected cuts to the budget. The benefits system is “broken” and is “not working for anyone”, the Chancellor said. Backbench Labour MPs have made it known to ministers they are concerned proposals to reform the welfare system will harm vulnerable people claiming benefits. Cabi…
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