Welfare cuts see housing benefits targeted
- 05 Jun
It is believed that housing benefit could be cut by over 10% in George Osborne’s July Budget as the government attempts to deliver its commitment to reduce welfare spending.
The Institute for Fiscal Studies has said that in order to protect child benefits housing benefits, tax credits and disability benefits would “most likely” take the biggest hit, reports 24dash.
Carl Emmerson, IFS deputy director, explained: "One area where the Conservatives’ manifesto commits to make cuts is in social security spending (outside of protected spending on state pensions and universal pensioner benefits). But finding the sought after £12 billion of cuts in just two years will not be easy. Cuts of this scale amount to almost 10% of unprotected benefits. Finding such a reduction without cutting child benefit, which has been pledged this week, would mean that even more significant cuts would likely be required to spending on one or more of tax credits, housing benefit and disability & incapacity benefits."
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