Andy Burnham prepares DWP benefits cuts as welfare bill heads towards £330billion

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Andy Burnham prepares DWP benefits cuts as welfare bill heads towards £330billion.

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Prime Minister Andy Burnham is preparing to announce significant cuts to Department for Work and Pensions (DWP) benefits as part of plans to tackle rising welfare costs and youth unemployment.The Prime Minister, who entered Downing Street on July 20, is expected to use a speech next week to argue that expanding further education opportunities for young people is key to reducing both economic inactivity and the growing welfare bill.The address will be one of the first major policy announcements of Mr Burnham's premiership and is expected to signal that welfare reform will be a central part of the Government's domestic agenda.According to Bloomberg, the annual welfare bill is forecast to exceed £330billion during the current financial year, around £50billion higher than in 2019/20.

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TRENDING Stories Videos Your Say The increase highlights the fiscal pressures facing Mr Burnham as he seeks to balance new spending commitments with the Government's fiscal rules.Financial markets are also...

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