We’re not even 6 months into the Conservative government and already the poorest in society are being hit the hardest by Osborne’s welfare cuts. It’s going to get worse before it gets better.
Housing benefit could be cut by over 10% in George Osborne’s July Budget as the government attempts to deliver its commitment to reduce welfare spending by £12 billion in two years.
The Institute for Fiscal Studies said today that the pledge to protect child benefit from the social security cuts means HB, along with tax credits and disability/incapacity benefits, would “most likely” take the biggest hit.
Carl Emmerson, IFS deputy director, explained: “One area where the Conservatives’ manifesto commits to make cuts is in social security spending (outside of protected spending on state pensions and universal pensioner benefits). But finding the sought after £12 billion of cuts in just two years will not be easy.
“Cuts of this scale amount to almost 10% of unprotected benefits. Finding such a reduction without cutting child benefit, which has been pledged this week, would mean that even more significant cuts would likely be…
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