Ahead of George Osborne's speech Fiona Weir, chief executive of single parent charity Gingerbread said:
This announcement comes at a time when families are already struggling, and risks plunging even more children into poverty.
It's vital that we separate fact from fiction: the vast majority of people who receive Government support do so because they can't earn enough to support their families, or even find a job in the first place. Rather than taking support away from those who need it the most, the Government must instead focus on creating more jobs and making work pay for everyone.
The Chancellor's surprise plan for swapping job rights for shares is praised as "innovative", but what does it mean for the average worker?
The Chancellor told the assembled delegates that they were still, "all in it together," and that he was right to cut the 50p tax rate.
The Government is to press ahead with plans to slash an extra £10 billion from the welfare budget by 2016-17, the Chancellor has said.