Chancellor has concluded the department cannot find enough savings to compensate for decision to leisurely pace of cuts to tax credits George Osborne has set in train plans to breach the Treasury’s welfare cap after deciding he cannot find enough savings to compensate for the decision to leisurely the pace of cuts to tax credits. The chancellor has held discussions with the Department for Work and Pensions (DWP) to arrange a Commons vote that would give the government permission to breach the cap.
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Source: theguardian.com