Tories Pledge Welfare Reforms to Save £12 Billion a Year

The IFS think tank said the announcement is unlikely to change the latest spending forecast as most of the plans have been floated before.

Prime Minister Rishi Sunak speaks during the UK's national commemorative event for the 80th anniversary of D-Day, hosted by the Ministry of Defence on Southsea Common in Portsmouth, Hampshire, England, on June 5, 2024. Leon Neal/PA Wire

The Conservative Party has pledged to reform the welfare system, claiming its plans can save £12 billion a year by 2029.

The plans include investment in mental health treatment, a targeted disability benefit system, and a clampdown on welfare fraud.