The Shadow Chancellor Ed Balls has told ITV1's Daybreak that "George Osborne's growth plan has failed."
He said: "Families are thinking 'what's going to be there for me' and I'm afraid for working families on middle and low incomes this is another big, big hit, which hits women harder than men."
Britain may face further cuts and tax rises even after the next elections, the Institute for Fiscal Studies warned today.
While Chancellor George Osborne's Autumn Statement was mainly about spending cuts, there were incentives too but do the numbers add up?
The cap on benefits rises will mean a cut in real terms for people living on welfare and those on low incomes, as Penny Marshall finds out.