Treasury warns of economic fallout as demands grow to ditch two-child benefit cap
Sunday, 21 July 2024 Unfunded spending commitments crash the economy, a Treasury minister has warned, as he defended keeping the two-child benefit cap in what is shaping up to be the first big test of the Labour government.
Exchequer Secretary to the Treasury James Murray has welcomed news that UK inflation fell for the second month running. He called it an “encouraging sign” that the government’s economic plan is working but admitted “many families are still struggling.” Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
President Trump, with Kid Rock by his side, signed an executive order targeting unfair ticket scalping practices in the live entertainment industry. The order directs the FTC, Treasury, and DOJ to enforce stricter competition laws, ensure price transparency, and combat deceptive conduct. A detailed report on the actions taken will be submitted in 180 days. The move aims to protect consumers from exploitative pricing and restore fairness in concert ticket sales.
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The Green Party has said the government's expected cuts to welfare are "not fair" and that Chancellor Rachel Reeves could avoid making the cuts by choosing to "tax wealth fairly". Co-leaders Carla Denyer and Adrian Ramsay joined MPs holding placards outside the Treasury, at a 'Rebalance the Economy' photo-op. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn