IFS calls on clarity from George Osborne on welfare cuts



The Institute for Fiscal Studies, the IFS, have called on George Osborne, the Chancellor of the Exchequer, to clarify where the £12 billion of welfare cuts will come from.

In a speech made today on the budget Paul Johnson, the Director of the IFS, said:

“It is now almost two years since he announced his intention of cutting welfare spending by £12 billion. Since then the main announcement has been the plan not to cut anything from the main pensioner benefits. We have been told about no more than £2 billion of the planned cuts to working age benefits. And remember apparently the “plan” is to have those £12 billion of cuts in place by 2017-18. It is time we knew more about what they might actually involve.”

A spokesman for George Osborne said that further details on the projected savings on benefits would be announced before the General Election as part of the Conservative Party’s manifesto.