Osborne to Go Ahead With £12bn Welfare Cuts

This article was last updated on April 16, 2022

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Despite several protests and disquiet among some of his colleagues, George Osborne is reportedly inclined to go ahead with £12bn of welfare cuts. In an article published in the Sunday Times, the chancellor and the work and pensions secretary, Iain Duncan Smith, stressed that they still intend to make deep cuts despite the anti-austerity protests.

In their remarks, the ministers nullified the reports in recent weeks claiming that the cuts might be delayed or scaled back over fears they would be too damaging, coming on top of the £21bn of reductions in the last parliament. Instead, they stressed that “this government was elected with a mandate to implement further savings from the £220bn welfare budget,” adding that “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.” It was added that “we will set out in detail all the steps we will take to bring about savings totalling £12bn a year in next month’s budget and at the spending review in the autumn.”

Furthermore, the ministers pointed out that “it took many years for welfare spending to spiral so far out of control, and it’s a project of a decade or more to return the system to sanity. Reforming the damaging culture of welfare dependency and ensuring that work pays has been central to our mission to make Britain fit for the future.” Quite noticeably, Osborne and David Cameron repeatedly refused to outline exactly how they would reach the £12bn figure during the election campaign.

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