Minister declines to rule out tax rises after welfare concessions – UK politics live

Pat McFadden says there will be ‘financial consequences’ to Keir Starmer’s climbdown amid renewed speculation over Labour’s budget plans

• Welfare bill climbdown will have ‘a cost’ at budget, says minister

Ministers should be looking at measures around wealth taxes or capital gains tax, a leading backbench rebel has suggested.

Rachael Maskell told BBC Radio 4’s Today programme that “we need to look at those with the broader shoulders”.

As am I worried about the state of the public finances, and of course, we know what we inherited a year on, we have still got to keep our focus there.

And that’s why I think we heard very much in the debate, including from myself, that we need to look at those with the broader shoulders, as the prime minister said, contributing more into our system, but never pushing down on the poorest.