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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)
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