Menu
08/10/2012
Chancellor Proposes £10bn Benefit Cut Vow
Chancellor George Osborne is set to announce plans to cut a further £10bn from the benefits budget to fight the deficit.
Speaking at the Tory conference he will outline proposals to shave the sum off the welfare bill by 2016-17, on top of the £18bn cuts announced in 2010.
The chancellor's ideas include a limit to the number of children in a family that should be supported by benefits, housing aid cuts for the under-25s and a curb on child tax credits.
Speaking to BBC Radio 4's Today programme he said: "The rich need to contribute more. But you can't just balance the budget on the wallets of the rich.
"We've got to look at a very large welfare bill and find savings there. The rich are paying more in tax than they did in any one year of the last Labour government."
(GK)
Speaking at the Tory conference he will outline proposals to shave the sum off the welfare bill by 2016-17, on top of the £18bn cuts announced in 2010.
The chancellor's ideas include a limit to the number of children in a family that should be supported by benefits, housing aid cuts for the under-25s and a curb on child tax credits.
Speaking to BBC Radio 4's Today programme he said: "The rich need to contribute more. But you can't just balance the budget on the wallets of the rich.
"We've got to look at a very large welfare bill and find savings there. The rich are paying more in tax than they did in any one year of the last Labour government."
(GK)
Related UK National News Stories
Click here for the latest headlines.
29 October 2012
Child Benefit Cuts 'Excruciatingly Difficult'
Welfare reform measures which will see one million letters sent to UK households regarding child benefit cuts have been described by Nick Clegg as "excruciatingly difficult". Households in which at least one person earns more than £50,000 are to have the benefit reduced or stopped.
Child Benefit Cuts 'Excruciatingly Difficult'
Welfare reform measures which will see one million letters sent to UK households regarding child benefit cuts have been described by Nick Clegg as "excruciatingly difficult". Households in which at least one person earns more than £50,000 are to have the benefit reduced or stopped.
12 August 2013
Final Round Of Benefit Caps Begins
The final round of benefit caps that have seen benefit claims restricted to £500 a week for couples and those with children and £350 for single people is to come into effect today, in those council areas affected by the scheme.
Final Round Of Benefit Caps Begins
The final round of benefit caps that have seen benefit claims restricted to £500 a week for couples and those with children and £350 for single people is to come into effect today, in those council areas affected by the scheme.
21 June 2010
Harsh Budget Cuts Looming
Doom and gloom surround anticipated cut backs to be announced in tomorrow's 'emergency Budget'. Today, it was confirmed that the Chancellor, George Osborne and senior cabinet members have 'signed off' the Budget and has already warned Britain will be "on the road to ruin" unless borrowing is reduced, but denied his plans are driven by ideology.
Harsh Budget Cuts Looming
Doom and gloom surround anticipated cut backs to be announced in tomorrow's 'emergency Budget'. Today, it was confirmed that the Chancellor, George Osborne and senior cabinet members have 'signed off' the Budget and has already warned Britain will be "on the road to ruin" unless borrowing is reduced, but denied his plans are driven by ideology.
20 March 2013
UK Growth Forecast Cut By Half In New Budget
Despite the UK’s growth forecasts being downgraded, Chancellor George Osborne has insisted his economic plan is working. A planned fuel duty has been cancelled and corporation tax has been cut to 20%, in a package of measures the chancellor says is aimed at "those who want to work and get on".
UK Growth Forecast Cut By Half In New Budget
Despite the UK’s growth forecasts being downgraded, Chancellor George Osborne has insisted his economic plan is working. A planned fuel duty has been cancelled and corporation tax has been cut to 20%, in a package of measures the chancellor says is aimed at "those who want to work and get on".
12 March 2008
Darling Delivers First Budget
Chancellor Alistair Darling has delivered his first Budget with large increases on duty on alcohol and high-polluting cars, a pledge to eradicated child poverty and the postponement of a rise in fuel duty.
Darling Delivers First Budget
Chancellor Alistair Darling has delivered his first Budget with large increases on duty on alcohol and high-polluting cars, a pledge to eradicated child poverty and the postponement of a rise in fuel duty.
-
Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
