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6/27/2025, 6:02:28 PM
>Downing Street won’t rule out tax rises to pay for welfare climbdown
>Facing questions about how the climbdown would be funded, a No 10 spokesman said: “There’ll be no permanent increase in borrowing, as is standard.
>“We’ll set out how this will be funded at the Budget, alongside a full economic and fiscal forecast in the autumn, in the usual way.”
>Asked whether the Government could say there would be no tax rises to pay for the changes, the spokesman said: “As ever, as is a long-standing principle, tax decisions are set out at fiscal events.”
>Facing questions about how the climbdown would be funded, a No 10 spokesman said: “There’ll be no permanent increase in borrowing, as is standard.
>“We’ll set out how this will be funded at the Budget, alongside a full economic and fiscal forecast in the autumn, in the usual way.”
>Asked whether the Government could say there would be no tax rises to pay for the changes, the spokesman said: “As ever, as is a long-standing principle, tax decisions are set out at fiscal events.”
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