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The Financial Times says that by “gutting” his welfare bill to fend off a full-scale rebellion, Sir Keir Starmer has left a multi-billion pound hole in the public finances. The Times reports that in its current form the bill could end up increasing spending. For the Guardian, it was a “dramatic climbdown” after a “week of chaos”. The Daily Telegraph reports that emboldened left-wingers are expected to seize on the prime minister’s weakness by pushing for new wealth taxes in the autumn. Fear and uncertainty remain for thousands of vulnerable people, according to the Daily Mirror. The paper’s headline is “No Winners”.
The Times reports that key elements of Labour’s workers rights package have been delayed until 2027 after criticism from busine
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