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.

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Ed Balls' catalogue of accusations against Chancellor

The Shadow Chancellor Ed Balls accused the current Chancellor of a catalogue of failures in his response to the Spending Review today:

He said the economy would grow by six per cent – but it’s grown by just one per cent.

He pledged to get the banks lending – but bank lending is down month on month on month.

He made the number one test of his economic credibility keeping the AAA credit rating – but on his watch we have been downgraded, not once but twice.

He promised living standards would rise – but they’re falling year on year.

He said we’re all in this together – but he has given a huge tax cut to millionaires.

He promised to balance the books – and that promise is in tatters.

– Ed Balls, Shadow Chancellor

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