Sat 7 Nov 2026
FTSE 100 10,673.94 -0.52%Microsoft 530.61 +1.67%NVIDIA 186.64 -8.80%Apple 342.37 -0.66%Google 283.93 +2.05%S&P 500 7,376.86 -2.68%Nasdaq 24,579.42 -3.37%Dow 51,285.73 -0.94%Russell 2000 2,754.11 -2.05%US 10Y Treasury 4.86% -0.72%Euro Stoxx 50 6,170.49 -0.09%DAX 25,820.36 +0.01%AEX-Index 1,120.55 -1.06%Nikkei 225 57,434.77 -9.25%Hang Seng 24,481.86 +5.10%Gold $4,074.90 +2.65%Silver $51.94 +2.41%Brent Crude Oil $98.32 -6.16%Natural Gas $3.00 +4.97%Copper $6.24 -4.66%GBP/USD 1.3356 -0.22%GBP/EUR 1.1975 -0.18%GBP/AUD 1.9444 +2.11%Bitcoin (USD) $75,910 -1.86%Ethereum (USD) $2,242 -1.36%FTSE 100 10,673.94 -0.52%Microsoft 530.61 +1.67%NVIDIA 186.64 -8.80%Apple 342.37 -0.66%Google 283.93 +2.05%S&P 500 7,376.86 -2.68%Nasdaq 24,579.42 -3.37%Dow 51,285.73 -0.94%Russell 2000 2,754.11 -2.05%US 10Y Treasury 4.86% -0.72%Euro Stoxx 50 6,170.49 -0.09%DAX 25,820.36 +0.01%AEX-Index 1,120.55 -1.06%Nikkei 225 57,434.77 -9.25%Hang Seng 24,481.86 +5.10%Gold $4,074.90 +2.65%Silver $51.94 +2.41%Brent Crude Oil $98.32 -6.16%Natural Gas $3.00 +4.97%Copper $6.24 -4.66%GBP/USD 1.3356 -0.22%GBP/EUR 1.1975 -0.18%GBP/AUD 1.9444 +2.11%Bitcoin (USD) $75,910 -1.86%Ethereum (USD) $2,242 -1.36%
Markets
Advertisement
Follow News in 60 on Facebook
UK Weather
London 9°C Partly CloudyBirmingham 9°C Patchy rain nearbyManchester 10°C Patchy rain nearbyNewcastle 10°C Patchy rain nearbyBristol 9°C Patchy rain nearbyPembroke 11°C Patchy rain nearbyEdinburgh 10°C Patchy rain nearbyBelfast 10°C Patchy rain nearbyInverness 8°C OvercastPenzance 11°C Patchy rain nearbyHolyhead 10°C Light rain showerNorwich 10°C Patchy rain nearby
More Info

Welfare Spending on Foreign Nationals Sparks Controversy

Advertisement
Follow News in 60 on Facebook

Recent figures reveal that Universal Credit payments to foreign nationals have surged to £12 billion, raising concerns about the sustainability of the welfare system. This represents a 25% increase from the previous year, with a significant portion going to households where at least one member is a foreign national. Critics, including Shadow Financial Secretary Gareth Davies, argue that this trend exemplifies the Labour Government’s mismanagement of welfare spending, which they claim is spiralling out of control.

Davies highlighted that approximately 65% of these payments were made to individuals who are unemployed, suggesting a growing dependency on state support among migrant families. He expressed that many Britons would be outraged by these figures, which he believes reflect broader issues within the welfare system. The forecast indicates that welfare spending could reach £400 billion by the end of the current Parliament, prompting calls for tighter controls.

In response, the Government has implemented measures to tighten eligibility for benefits among foreign nationals, including extending the qualifying period for indefinite leave to remain. This move aims to address public concerns over welfare spending while balancing the needs of the economy and businesses.

As the debate continues, the implications of these welfare figures could influence future policy decisions and public sentiment regarding immigration and social support. The Labour Government faces pressure to manage these rising costs while ensuring that welfare remains sustainable for all citizens.

Source: GB News

Read more Money news →

Leave a comment

Your email address will not be published. Required fields are marked *