Tories commit to £47bn savings package to ‘restore public finances’

cityam

Oct 06

The Tories have vowed to make savings worth £47bn in government expenditure. House of Commons Handout photo issued by the House of Commons of Mel Stride responds after Chancellor of the Exchequer ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2573629463"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2573629463\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2573629463?lang=en_US&edition=fundamental","thumbnail":"https://www.cityam.com/wp-content/uploads/2025/10/01JXFRDWF0ZKSMHGNR1G0W6BXE.jpg?w=824&h=463&crop=1","is_english":true,"pubTime":"2025-10-06 13:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2573629463","market":"nz","top_or_hot":-1,"title":"Tories commit to £47bn savings package to ‘restore public finances’","media":"cityam","content":"<div>\n<p>The Tories have vowed to make savings worth £47bn in government expenditure. House of Commons \n\nHandout photo issued by the House of Commons of Mel Stride responds after Chancellor of the Exchequer ...</p>\n\n<a href=\"https://www.cityam.com/tories-commit-to-47bn-spending-cuts-to-restore-public-finances/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tories commit to £47bn savings package to ‘restore public finances’</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTories commit to £47bn savings package to ‘restore public finances’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-10-06 13:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/tories-commit-to-47bn-spending-cuts-to-restore-public-finances/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Tories have vowed to make savings worth £47bn in government expenditure. House of Commons \n\nHandout photo issued by the House of Commons of Mel Stride responds after Chancellor of the Exchequer ...</p>\n\n<a href=\"https://www.cityam.com/tories-commit-to-47bn-spending-cuts-to-restore-public-finances/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CPS","symbol_name":"Cooper-Standard Holdings Inc.","start_time":0,"source_url":"https://www.cityam.com/tories-commit-to-47bn-spending-cuts-to-restore-public-finances/","article_id":"2573629463","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2025/10/01JXFRDWF0ZKSMHGNR1G0W6BXE.jpg?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/tories-commit-to-47bn-spending-cuts-to-restore-public-finances/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2573629463","pubTimestamp":1759726800,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"The Tories have vowed to make savings worth 47bn in government expenditure. House of Commons. Handout photo issued by the House of Commons of Mel Stride responds after Chancellor of the Exchequer Rachel Reeves delivered her Government’s spending review to MPs in the House of Commons, London. Picture date: Wednesday June 11, 2025. PA Photo. See PA story POLITICS SpendingReview. Photo credit should read: House of Commons/PA Wire. It draws the Tories closer in line with Reform UK on policies around immigrants’ access to the welfare state. Nigel Farage claimed his proposed changes set out by his party would save 234bn, a figure taken from a Centre for Policy Studies  report on the immigration system.But Farage has come under intense scrutiny over his policy to abolish ILR. The CPS said figures on savings were likely to be radically smaller as calculations had been updated since it produced its report.","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CPS":"Cooper-Standard Holdings Inc.","BK4124":"机动车零配件与设备"},"translate_title":"保守党承诺提供470亿英镑的储蓄计划以“恢复公共财政”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CPS":1},"content_text":"The Tories have vowed to make savings worth £47bn in government expenditure. House of Commons \n\nHandout photo issued by the House of Commons of Mel Stride responds after Chancellor of the Exchequer Rachel Reeves delivered her Government’s spending review to MPs in the House of Commons, London. Picture date: Wednesday June 11, 2025. PA Photo. See PA story POLITICS SpendingReview. Photo credit should read: House of Commons/PA Wire \n\nNOTE TO EDITORS: This handout photo may only be used for editorial reporting purposes for the contemporaneous illustration of events, things or the people in the image or facts mentioned in the caption. Reuse of the picture may require further permission from the copyright holder. The Tories have committed to making £47bn in savings across the welfare state and Whitehall to “ensure the country lives within our means”, in a radical pledge that aims to restore the beleaguered party’s reputation for fiscal responsibility.In a speech to Tory party members in Manchester on Monday, Shadow Chancellor Mel Stride will claim £47bn in spending cuts will reflect the party’s commitment to fiscal sustainability and making better use of taxpayers’ cash. He will say that most savings can come through cuts to welfare payments for people with “low level mental health problems” and for immigrants who have settled status in the UK but do not hold British citizenship.  “The Conservative Party will never, ever make fiscal commitments without spelling out exactly how they will be paid for,” he will tell members. \n\n“We’re the only party that gets it. The only party that will stand up for fiscal responsibility. We must get on top of government spending.”\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n“We cannot deliver stability unless we live within our means. No more pretending we can keep spending money we simply do not have.” Welfare bill set to be slashedNearly half of the savings would be made from cuts to the welfare bill, with the Tories pledging to replace the current system of “one that properly targets help to those who need it most”. Only British citizens will be able to access welfare, suggesting people who have indefinite leave to remain (ILR), otherwise known as settled status, would have some rights stripped from them. \n\nIt draws the Tories closer in line with Reform UK on policies around immigrants’ access to the welfare state. Nigel Farage claimed his proposed changes set out by his party would save £234bn, a figure taken from a Centre for Policy Studies (CPS) report on the immigration system.But Farage has come under intense scrutiny over his policy to abolish ILR. The CPS said figures on savings were likely to be radically smaller as calculations had been updated since it produced its report.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}