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UK targets $6.5 billion in welfare and disability cuts
Published by Global Banking & Finance Review®
Posted on March 18, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 18, 2025
1 min readLast updated: January 24, 2026
The UK plans to cut $6.5 billion from disability and welfare support by 2029 to manage rising welfare costs, encouraging work over benefits.
LONDON (Reuters) - Britain's government said on Tuesday it planned to cut 5 billion pounds ($6.5 billion) from the support given to people with disabilities and long-term health conditions, as part of efforts to tame a sharply rising welfare bill.
Liz Kendall, the minister for work and pensions, told parliament she was reforming the welfare system to encourage people into work and off the benefits system. As part of that, the government aimed to cut 5 billion pounds a year by 2029/30.
(Reporting by Muvija M; writing by Kate Holton; editing by Elizabeth Piper)
The UK government's plan to cut $6.5 billion from welfare and disability support by 2029.
Liz Kendall, the minister for work and pensions, announced the cuts in parliament.
The cuts are part of efforts to manage a sharply rising welfare bill and encourage employment.
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