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Further £11.5bn spending cuts

Chancellor George Osborne said that seven government departments have provisionally agreed to cuts of up to 10% for 2015 to help make savings of £11.5bn.

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Osborne 'in effect' rules out further welfare cuts

George Osborne has told BBC's Today programme that he is "in effect" ruling out further cuts to welfare in the Spending Review.

We've just got seven departments to agree to substantial savings. They've accepted cuts of anywhere between eight and 10 percent... It's a difficult decision, I'm not hiding that from anyone - but it's necessary.

– George Osborne

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