06.07.15
Osborne “finds” £12bn benefit cuts
Yesterday morning the chancellor said he had “found” the £12bn of benefit cuts promised in the Tory manifesto – but not all has been revealed.
During his interview on the Andrew Marr Show, George Osborne said the cap on the amount of benefits that can be claimed by one family will be reduced to £20,000 a year outside London and £23,000 in the capital.
“It is not fair that people out of work can earn more than people in work so we are going to cut the benefit cap,” he said.
During his Budget speech on Wednesday, Osborne is also expected to include plans to cut the amount of social housing cash available to council and housing association tenants. But the big announcement so far is slashing the benefits cap.
PSE will bring you full coverage and analysis of this week’s Budget.
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