Chancellor to outline plans for capping welfare rises

The Chancellor is expected to lay out his plans for curbing parts of public expenditure that are normally considered outside his control - the so-called Annual Managed Expenditure.

The Chancellor may target housing benefits as part of his plans to curb welfare rises
The Chancellor may target housing benefits as part of his plans to curb welfare rises Credit: Tim Ireland/PA

These include welfare, debt interest payments, tax credits and public sector pensions, which fluctuate over time and account for roughly half of all government spending.

The Times (£) reports that the Chancellor will target housing and incapacity and sickness benefits.

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Osborne curbs welfare benefits

The newly unemployed will have to wait at least seven days before they are able to sign on, under a series of changes to welfare benefits announced by the Chancellor. A new welfare cap will be set from 2015 and OAP expats face losing fuel payments.