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Higher taxes, higher borrowing costs, higher spending on welfare – it is an unenviable prospect for a government seeking to boost economic growth, but that is the background against which Rachel Reeves will have to frame her next Budget , now set for 26 November.

And it is why Sir Keir Starmer and his new team of advisers are understood to be examining ways of overhauling the disability benefits system to cut the welfare bill, despite opposition by Labour MPs.

Of course, the financial outlook for the Government will continue to shift over the coming weeks. Indeed, there has been both posit

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