Government’s £12 billion welfare cuts agreed

[Jazzy]

The Government will press ahead with welfare cuts totaling £12 billion a year as tens of thousands marched against austerity this weekend.

Chancellor George Osborne and Pensions Secretary Iain Duncan Smith agreed ‘significant’ spending reductions over the past few days which will be announced in next month’s Budget.

Changes include capping benefits at £23,000 a year per family, and cuts to housing benefit and tax credits are also likely.

‘This government was elected with a mandate to implement further savings from the £220 billion welfare budget,’ Mr. Osborne and Mr. Duncan Smith said in a letter to the Sunday Times.

‘For a start, we will reduce the benefit cap, and have made clear that we believe we need to make significant savings from other working-age benefits.

‘We will set out in detail all the steps we will take to bring about savings total ling £12 billion a year in next month’s Budget and at the spending review in the autumn.’

Source

Thoughts?

 

[WHO IS SERAFIN]

Anytime government cuts welfare and spending it is a great thing.