Close
Enter your search into one or more of the boxes below:
You can refine your search by selecting from any of the options below:
Search
Your Shopping Basket
Total number of items: 0
Sub total: £0.00
Go to Checkout
Our Birmingham Shop
Our Bristol Shop
Animators Survival Kit

Osborne cuts GBP 7bn from welfare budget

20th October 2010

Welfare benefits are to be reduced by a further GBP 7 billion in order to control the UK's public spending deficit, George Osborne has announced.

The chancellor's Comprehensive Spending Review revealed that means-tested working-age benefits and tax credits are to be replaced by an integrated payment known as Universal Credit over the next two parliaments, in a bid to make the new savings.

Mr Osborne said making extra cuts on top of the GBP 11 billion of benefits savings that were announced in June's Budget is a necessary step to put welfare costs on an 'affordable footing'.

'In the massive public consultation we conducted over the summer, the overwhelming message we received was that the British people think it is fair to cut welfare bills in order to protect important public services,' the chancellor said in his speech.

The Comprehensive Spending Review also made a series of cuts to the budgets of other government departments, with the average reduction standing at 19 per cent. This is lower than many experts anticipated and was driven by the large savings made in the welfare budget.
 

Latest Blog
The Lost City of Z and other Explorers' Tales
23/03/2017

As the film is released of The Lost City of Z, we take a look at other Explorers' Tales.

Sally Emerson Relives Her Life
21/03/2017

Are the novels Fire Child and Heat still shocking? They certainly are, says their author Sally Emerson, six of whose novels are being republished this year.

How Eating Well can lead to Living Better
20/03/2017

Myles Hopper describes how and why the pair became preoccupied with healthy eating.

View all Blog Entries
Twitter
Show/Hide Tweets
© W&G Foyle Ltd