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Hello. all to discuss your situation. And remember, investment involves risk. Hello, and welcome to Coffee House Shots. I'm James Heel and I'm joined today by Tim

Shipman and Isabel Hardman. Now, Tim, since we last recorded on Friday and there's been lots

more briefings over the weekend. Take us up to date. Yeah, so Liz Kendall is making a statement to the Commons this afternoon

in which she will outline the concessions that the government has made over the welfare reforms.

Basically, people who are already claiming will effectively be exempt from the changes.

There's going to be a period of the right to try so people can go back to work and give it a go without losing their benefits. And I think all in, the cost of this to the government is somewhere in the region of about £3 billion in a calendar year. And I think they've briefed the rebels at $8 billion over the rest of the forecast period.

So it's a substantial chunk of money that the Chancellor is going to have to find.

And we think, I think both Downing Street and the WIPPS office thinks that that has driven down the number of rebels from, I think it was 126 at the end of last week.

And we think it's now in the region of about 50, which is still the largest rebellion against

this government, but one that is obviously manageable and will allow them to pass the bill

when that comes to a vote on Tuesday evening. The other thing that's been happening is that

the Prime Minister has been giving yet more interviews as a result of the fact that it's

one year of Labour this week. And across thousands and thousands of words,

he seems to be saying, if you read between the lines, he doesn't much enjoy being Prime Minister.

It's terribly difficult. He's often abroad when there's all these tricky things happening on the home front.

He reads speeches that have been put in front of him only at the last moment and doesn't seem to recognise what's in them.

And then he regrets it afterwards, which is a fairly astonishing way to mark your first anniversary in power.

And I think raises probably a whole bunch of questions that they were presumably hoping to close down with these sort of naval gazing pieces.

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