What happened: Reform UK has reversed its previous stance and will reinstate the two-child benefit cap, with disability benefits also to be limited under the party's policy. The Bank of England's independence will remain unchanged.
Why it matters:
- The policy change could affect hundreds of thousands of children by limiting financial support to families.
- It signals a shift in Reform UK's social welfare approach, impacting families reliant on benefits.
MNN Take: Reform UK's decision marks a significant policy reversal, reflecting a stricter approach to welfare spending while maintaining central bank independence.
Sources: Guardian UK