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Budget news
£10billion to be cut in addition to £18billion already announced.
From BBC news website
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Financial Times is reporting that DWP are resistant to this further £10 billion reduction being implemented. Chris Grayling, employment minister, is reported to have said: “What the chancellor did in his budget was set out a framework for government as a whole and that £10bn is a figure that applies across government. He expressed the desire that we make further savings in welfare as part of that, but ... we haven’t begun that kind of discussion yet.”
The saving would come on top of the £18bn-a-year cut to benefits and tax credits already planned by the coalition and due to be implemented by 2014-15. The proposed new cut represents almost £1 in every £20 from the planned social security budget in 2014-15.