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Monday, 8 October 2012
Welfare cuts expected
George Osborne will today announce moves to cut welfare spending by a further £10bn a year as he warns the Conservative conference that Britain will face continuing economic pain. The planned cuts will be in addition to the reduction in welfare spending of £18bn by 2014 which the Chancellor announced in the Budget in March. As part of the cuts Mr Osborne is expected to announce plans to deny housing benefit to school-leavers who have never worked. Ian Duncan Smith, who had previously expressed misgivings about further welfare cuts, is expected to publicly back Mr Osborne’s proposals. In return, Mr Duncan Smith has secured agreement from the Chancellor not to delay the introduction of universal credit.