Based on multiple contemporaneous news reports from July 2025, the claim is well-supported. The UK Labour government under Prime Minister Keir Starmer planned significant welfare cuts (tightening PIP eligibility and freezing the health-related element of Universal Credit), but faced a major rebellion from over 120 Labour MPs. The government made a series of concessions/U-turns, including some announced on the Floor of the House of Commons itself. According to the BBC, "Fearing a humiliating defeat, the government announced a further U-turn" when Disability Minister Sir Stephen Timms told MPs in the Commons that the government would not change PIP rules until a review had concluded — this happened approximately two hours before the vote on 1 July 2025. Reuters described "a series of embarrassing U-turns to sharply scale back plans to cut benefits." AP News also described it as "the latest forced U-turn." The concessions were so extensive that analysts said potential savings of around £5bn were virtually wiped out. The speech was made in June 2026, so "last year" refers to 2025, which is accurate. Sources: BBC News — "Government wins vote on watered-down welfare bill after concessions" (https://www.bbc.com/news/articles/cly8877x3z2o); Reuters — "Starmer wins vote on UK welfare reform but suffers damaging rebellion" (https://www.reuters.com/world/uk/uk-pm-starmer-wins-vote-parliament-welfare-reform-2025-07-01/); AP News — "UK leader Starmer waters down planned welfare cuts after revolt in his Labour Party" (https://apnews.com/article/uk-starmer-welfare-cuts-uturn-de4ee8536d08d1d7e4336d33cb8e5a4e); Reuters — "U-turns wipe out UK welfare savings and strain budget, analysts warn" (https://www.reuters.com/world/uk/u-turns-wipe-out-uk-welfare-savings-strain-budget-analysts-warn-2025-07-02/)