The Chancellor's U-turn over tax credits has been welcomed by some of the millions of people across Britain who rely on them to make ends meet.
But it is claimed the effects of Osborne's decision will be felt by those on benefits for years to come.
ITV News Political Correspondent Emily Morgan reports:
George Osborne has managed to get what he wanted - less generous welfare payments and a clear incentive to encourage people back into work.
After the shadow chancellor's stunt, Labour's Chuka Umunna tells ITV News: "I generally don't quote Communist leaders."
By 2020 millions of students who got a loan post-2012 will be paying more money back quicker.