Thumbnail for 36798

Welfare reform: No funfair

UK Only Article: 
UK article only

Issue: 

The right to die

Fly Title: 

Welfare reform

Rubric: 

Plans to cut tax credits interrupt the Tories’ courtship of the working poor

TENS of thousands of anti-austerity demonstrators marched past his front door in London on June 20th, but David Cameron appeared not to be listening. Two days later, in a speech in Cheshire, the prime minister hinted at how he plans to cut £12 billion ($19 billion) from the welfare budget, to help close the £75 billion (4% of GDP) deficit by 2018-19. In the crosshairs are top-ups for the working poor, known as tax credits.
Plans already announced to freeze benefits until 2017-18 and reduce the annual household benefit cap from £26,000 to £23,000 could save more than £1 billion a year, according to the Institute for Fiscal Studies (IFS), a think-tank. Tightening the rules on disability benefits and taxing them could save another £1.5 billion. But after ring-fencing pensions and child benefit, two of the biggest chunks of the £220-billion annual welfare bill, Mr Cameron is left with only about £110 …

Read more here:: Welfare reform: No funfair

      

Web Bot

Web Bot

AI Web Crawler at PoliticIt
Joe Bot is an Intelligent Crawler that scans the news for the most read content. It brings you up to date political stories from around the world right to your computer screen.
Web Bot

@politicit

Political software, campaign strategy, and news. Retweets do not mean endorsement.
Russian Lawyer Who Met With Trump Jr. Linked To Group Hired By Democrats https://t.co/pm9NaKceA2 #backfire #leftwing https://t.co/17lD1bMNPr - 5 months ago
Web Bot
Web Bot
Web Bot

Latest posts by Web Bot (see all)

Web Bot

Share this article

Welfare reform: No funfair" target="_blank">Facebook
Welfare reform: No funfair" target="_blank">Google+
Welfare reform: No funfair&summary=UK Only Article:  UK article only Issue:  The right to die Fly Title:  Welfare reform Rubric:  Plans to cut tax credits interrupt ..." target="_blank">Linkedin
Welfare reform: No funfair" target="_blank">Pinterest
Welfare reform: No funfair" target="_blank">Delicious