Taxes likely to be raised after Keir Starmer's abandons flagship welfare reforms | Business Live

Join Darren McCaffrey live as the prime minister abandoned his flagship welfare reforms last night, leaving his authority damaged and his government facing a widening fiscal hole to fill. The climbdown marks a costly blow for Keir Starmer and his Chancellor, who is increasingly expected to have to raise taxes at her autumn budget, as the government gave up all of the savings initially sought from the reforms. Latest business news 👉 https://trib.al/unXvp4J Money advice blog 👉 https://trib.al/wEeVvFT #Business #Economy #CostOfLiving #Banking #Stocks #Budget #Wages #Manufacturing #Banking SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/ Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales