Labour announced cuts to disability benefits, affecting millions of disabled individuals, with a focus on raising the threshold for personal independence payments (PIP) to save £5bn by 2030. The changes, criticized as immoral by charities and Labour MPs, aim to address concerns that the bill for disability benefits will reach £70bn by 2030, impacting 4m claimants. While some welcome measures were noted, including not freezing PIP payments and ending regular assessments for severe disabilities, the cuts were condemned for potentially pushing more disabled people into poverty and worsening health conditions.
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Merz plans €46bn corporate tax breaks to revive German economy
Germany's new government plans to implement a €46bn corporate tax break package to stimulate the economy, with Finance Minister Lars Klingbeil set to present the measures aimed at enhancing competitiveness and encouraging investment by summer. Key incentives include allowing companies to deduct 30% of new machinery costs from taxes and gradually reducing the corporate tax rate from 15% to 10% by 2028. This initiative is part of a broader strategy to modernize infrastructure and support...
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