The five considerable problems with the chancellor's U-turn on winter fuel payments
Chancellor Rachel Reeves U-turned on her decision to remove winter fuel payments from most pensioners.
There are considerable problems with the winter fuel payment U-turn, but perhaps the political argument in favour outweighs them all?
First, Rachel Reeves has executed the plan without working out how to pay for it.
This, for an iron chancellor, is a wound that opponents won't let her forget. A summer of speculation about tax rises is not a summer anyone looks forward to.
Politics latest: Treasury minister challenged over reason for U-turn
Second, the fig leaf that she and Treasury ministers are using is an improvement in economic conditions.
If you were being polite, you'd say this is contested.
The OBR halved growth this year and the OECD downgraded UK forecasts, albeit only by a little, last week.
More on Rachel Reeves Related Topics:Rachel ReevesThe claim that interest rates are coming down ignores that their descent is slower because of government decisions of the last six months.
Third, the question immediately becomes, what next?
Why not personal independent payments (PIP) and the two-child benefit cap?
At this stage, it would feel like a climbdown if they did not back down over those.
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But then, what will the markets - already policing this closely - make of it, and could they punish the government?
Fourth, this is aggravating divisions in the Parliamentary Labour Party: the soft left Compass group and ministers like Torsten Bell pushing bigger spending arguments.
Those MPs in Tory-facing seats who rely on arguments that Labour can be trusted with the public finances are worried.
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Fifth, this has created a firm division between No 10 (the PM) and No 11 (the Chancellor).
No 10 is now conscious that it does not have enough independent advice about the market reaction to economic policies and is seeking to correct.
Others, I am told, are just critical of the chancellor's U-turn - for she wobbled first.
Read more:UK to become 'AI maker not taker', says PMHow much cash will Reeves give each department?
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Tap here to followGiven the litany of arguments against, why has it happened?
Because the hope is this maxi U-turn lances the boil, removes a significant source of pensioners' anger and brings back Labour voters, a price they calculate worth paying, whatever the fiscal cost.
We wait to see who is right.
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Upcoming drama âBITCH X RICH 2â has released new stills of Lee Eun Saem!
Season 1 followed Kim Hye In (Lee Eun Saem), the sole witness to a high school girlâs murder, as she transferred to the elite Cheongdam International High School. There, she met Baek Jena (Kim Ye Rim), the queen of the schoolâs most powerful clique, Diamond 6âand the prime suspect in the case.
In âBITCH X RICH 2,â new characters will shake up the hierarchy, igniting an even fiercer power struggle within Diamond 6. The upcoming season will also delve deeper into Hye In and Jenaâs personal growth as they begin to realize what truly matters to them.
Lee Eun Saem plays Kim Hye In, a student from a poor background who transferred to Cheongdam International High School in exchange for staying silent about Kim Hae Inâs (Jang Sung Yoonâs) fall. Though she appears quiet and composed on the outside, Kim Hye In possesses a keen sense of judgment and cool-headed decisiveness beneath the surface.
The newly released stills capture Lee Eun Saem displaying a wide range of expressions as her character Kim Hye In. Having undergone an image transformation with a new hairstyle, she convincingly conveys Hye In's cold and mysterious aura through her intense gaze and composed expressions. From her piercing gaze fixed on someone to a look that seems to suppress complex emotions, she perfectly embodies the character of Kim Hye In.
In BITCH X RICH 2, Kim Hye In becomes the first student from a humble background to join Diamond 6, the elite power circle at Cheongdam International High School. She will emerge as a pivotal figure who disrupts the schoolâs hierarchy. As she becomes entangled with various characters, she is expected to serve as the central axis of a plot filled with complex alliances, conflicts, and confrontations. Viewers can look forward to Lee Eun Saemâs compelling performance and her multidimensional portrayal of Kim Hye In.
The production team stated, âThrough the character of Kim Hye In, we plan to portray the shifting power dynamics and psychological warfare within Cheongdam International High School with even greater intensity. In particular, the episodes following her entry into Diamond 6 will feature gripping plot developments that you wonât want to miss, so we ask for your continued interest.
âBITCH X RICH 2â is set to premiere in the first week of July and will be available on Viki.
In the meantime, watch Lee Eun Saem in âCheer Upâ below:
[viki-watchnow url=https://www.viki.com/tv/38871c-cheer-up]
Source (1)
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, the sole witness to a high school girlâs murder, as she transferred to the elite Cheongdam International High School. There, she met Baek Jena (Kim Ye Rim), the queen of the schoolâs most powerful clique, Diamond 6âand the prime suspect in the case.
In âBITCH X RICH 2,â new characters will shake up the hierarchy, igniting an even fiercer power struggle within Diamond 6. The upcoming season will also delve deeper into Hye In and Jenaâs personal growth as they begin to realize what truly matters to them.
Lee Eun Saem plays Kim Hye In, a student from a poor background who transferred to Cheongdam International High School in exchange for staying silent about Kim Hae Inâs (Jang Sung Yoonâs) fall. Though she appears quiet and composed on the outside, Kim Hye In possesses a keen sense of judgment and cool-headed decisiveness beneath the surface.
The newly released stills capture Lee Eun Saem displaying a wide range of expressions as her character Kim Hye In. Having undergone an image transformation with a new hairstyle, she convincingly conveys Hye In's cold and mysterious aura through her intense gaze and composed expressions. From her piercing gaze fixed on someone to a look that seems to suppress complex emotions, she perfectly embodies the character of Kim Hye In.
In BITCH X RICH 2, Kim Hye In becomes the first student from a humble background to join Diamond 6, the elite power circle at Cheongdam International High School. She will emerge as a pivotal figure who disrupts the schoolâs hierarchy. As she becomes entangled with various characters, she is expected to serve as the central axis of a plot filled with complex alliances, conflicts, and confrontations. Viewers can look forward to Lee Eun Saemâs compelling performance and her multidimensional portrayal of Kim Hye In.
The production team stated, âThrough the character of Kim Hye In, we plan to portray the shifting power dynamics and psychological warfare within Cheongdam International High School with even greater intensity. In particular, the episodes following her entry into Diamond 6 will feature gripping plot developments that you wonât want to miss, so we ask for your continued interest.
âBITCH X RICH 2â is set to premiere in the first week of July and will be available on Viki.
In the meantime, watch Lee Eun Saem in âCheer Upâ below:
[viki-watchnow url=https://www.viki.com/tv/38871c-cheer-up]
Source (1) %23psych) |
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Twitter (X), Inc. was an American social media company based in San Francisco, California, which operated and was named for its flagship social media network prior to its rebrand as X. In addition to Twitter, the company previously operated the Vine short video app and Periscope livestreaming service
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