Andy Burnham Faces Labour Revolt as Ally Brands Ministers 'Scared and Lazy' If They Fail to Tackle Welfare Reform

TL;DR

Andy Burnham may face a Labour revolt over welfare reform.
Lord Jim O'Neill, a close ally, called ministers "scared and lazy" for avoiding spending decisions.
O'Neill urged tackling the welfare bill rather than increasing taxes like capital gains tax (CGT) and inheritance tax.
He warned Burnham will face "hard choices" regarding spending.
O'Neill previously declined a role advising the Prime Minister to maintain independence.
He criticized potential wealth tax rises as "stupid" given current economic challenges.
Chancellor John Healey is preparing his first Budget with reduced fiscal headroom.
The Budget will not set a target for 3% GDP defence spending by 2030, with the decision postponed.
CGT receipts increased significantly in the 2024/25 tax year, but sustainability is questioned.
Experts note wealthy individuals may leave Britain due to tax changes.

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