George Osborne clears path for tax cuts in Budget with £1bn benefits raid
George Osborne clears path for tax cuts in Budget with £1bn benefits raid More than 600,000 disabled people will lose a portion of their benefits payments in a move that will save £1.2billion by 2020 and could allow the Chancellor to cut taxes for the middle classes.
Benefits payments to the disabled are to be cut by more than £1billion in a move that could clear the way for George Osborne to cut taxes for the middle classes in the Budget.
Ministers on Friday announced that more than 600,000 disabled people will lose a portion of their benefits payments, in a move that will save £1.2billion by 2020. It gives the Chancellor extra money, which insiders believe he could use to cut taxes in his Budget next week.
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