Skip to content
Friday 7 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
MorningWire

European business, markets and politics

FTSE 100
10,901.09
+0.31%
DAX
26,319.45
+0.69%
CAC 40
8,714.93
+0.17%
STOXX 50
6,523.86
+0.33%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE

Department for Work and Pensions (DWP)

  • Starmer ally defends minimum wage quango after Sunak calls for it to be axed

    Economics

    Welfare secretary Pat McFadden has leapt to the defence of the minimum wage quango after former Prime Minister Rishi Sunak called for the body to be axed. The top ally of Sir Keir Starmer told Morning Wire it “would be a mistake” to abolish the Low Pay Commission (LPC), an independent body that advises the [...]

    Labour's Pat McFadden could oversee small welfare reforms that could make reasonable savings for public finances.
  • Number of Neets passes 1m 

    Economics

    The number of Neets, otherwise young people not in education, employment or work, jumped past 1m in the first three months of 2026, official data has revealed.  The Office for National Statistics (ONS) has said that there were 1,012,000 young people between the ages of 16 and 24 out of work in the first three [...]

    Alan Milburn discussing solutions for the Neets crisis at a press conference.
  • Tories target £1bn benefits loophole in welfare crackdown

    Politics

    The Conservatives have pledged to close what they claim is a £1bn loophole in the welfare system, in a move aimed at tightening benefit rules and boosting incentives to work. Shadow work and pensions secretary Helen Whately said the party would overhaul the benefit cap so households cannot receive unlimited payments unless all adults who [...]

    Conservative Party leader Kemi Badenoch is preferred as Prime Minister to Keir Starmer. Photo: PA
  • Labour’s employment legislation and national insurance blamed for rising joblessness

    February 17, 2026

    National insurance hikes and the employment rights act mean businesses are being forced to cut back on hiring, business leaders and analysts have said.  The labour market continued to loosen at the end of last year, according to new Office for National Statistics (ONS) data, with unemployment climbing to 5.2 per cent between October and [...]

  • Labour say manifesto stands ‘today’ as Reeves ducks VAT hike

    September 29, 2025

    The Chancellor would not rule out fresh rises to VAT ahead of her speech to Labour Party Conference later today, when pressed on the issue by LBC’s Nick Ferrari this morning.  Asked whether Brits could face increases to the retail levy, Reeves said: “You’ll know we made those commitments in our manifesto, and those commitments [...]

  • Pension Commission is an attempt to diffuse UK’s ticking pensions time bomb

    July 28, 2025

    Our pensions system is a ticking time bomb that could detonate within a generation. The Pension Commission will try to defuse it, writes Alastair King.

  • Labour to be handed ‘spying powers’ on bank accounts in Fraud Bill 

    April 30, 2025

    Labour is facing fresh questions over its Fraud Bill, which has been slammed for handing the government “spying powers”. The legislation, which passed in the Commons on Wednesday, bulks up the Department for Work and Pensions’ (DWP) ability to recover money directly from fraudsters’ bank accounts. The DWP pledged the reforms would deliver “the biggest [...]

  • Labour ministers urged to be clearer on small pension pot plans

    April 29, 2025

    The UK government needs to be more coherent and take extra care with pension schemes before it consolidates small pension pots, a leading industry group has warned.  The Department for Work and Pensions (DWP) last week unveiled plans to ease costs by automatically combining small pots holding less than £1,000 into one scheme. Individuals will [...]

  • Liz Kendall unveils welfare reform package aimed at saving £5bn by 2030 

    March 18, 2025

    Liz Kendall has unveiled a major package of reforms to the UK’s welfare system with the aim of saving the government £5bn by 2030.

  • ‘Unsustainable’ sickness benefits cost UK more than defence, Lords warn

    January 20, 2025

    The UK is spending more on “financially unsustainable” sickness benefits than defence, and “urgent” reform to the welfare system is needed to rein in costs, a group of Lords has said. In a letter to the work and pensions secretary, Liz Kendall, the cross-party Lords Economic Affairs committee said the current benefits system penalises people [...]

Posts pagination

  • Page 1
  • Page 2
  • Next

Trending Articles

  • Revolut founder’s wealth set to balloon amid talks of share award at $500bn valuation

  • Rupert Lowe axes pensions triple lock and pledges tax cuts in economic plan

  • WPP slashes jobs as revenue continues to fall

  • Liverpool owners tipped to sell – but not to Amazon boss Bezos – by former CEO

  • As it happened: Stocks rise as oil fluctuates after Red Sea attack; US-Iran deal ‘being circulated’

MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook