Wage rise wont cover benefit cut losses Osborne told

Benefits cap: Payments to be reduced from £26,000 per household to £23,000 in London and £20,000 in the rest of the country.

The measure, which would apply to new families coming into the system, will save £1.4billion. “This reform will cost about 3 million families an average of £1,000 a year each”.

“Simply forcing wage increases by government fiat, by hiking the minimum wage, is more of a gamble”, he said.

Bianca Todd, said: “The £7.20 an hour next April rising to £9 an hour in 2020 is hardly a living wage, it is an attempt at a survival wage, however let us be real – no one can survive on that as the cost of living goes up”.

Now the national living wage is a voluntary £7.85. It will climb to £9 by 2020.

“What we’re saying to businesses is, pay higher wages but you get lower taxes”.

Mum-of-one Glenda, of Highwoods, receives the child tax credit as well as Jobseekers’ Allowance and child maintenance.

But the party accused Osborne of seeking to promote his own ambitions at the expense of poorer families with his plan for steep benefit cuts.

The IFS has said that three million households would be worse off by £1000 a year because of cuts to tax-credits. Work out how your position will change!

“It will take many struggling families years before they earn their way back to their current position”, the foundation’s chief executive, Gavin Kelly, said.

Researchers believe the Chancellor’s Summer Budget will appeal to younger migrant workers looking for low-paid unskilled and manual jobs, who would be willing to undercut the minimum wage for over-25s.

“In later years, they would lose benefits if they were married and had children”.

The changes the Government is said to be proposing could save about £1.6billion! “I was pleased that they had a look at corporation tax and about the incentives they had with national insurance for smaller businesses such as ourselves”.

Setting out plans for helping people buy their housing association home.

Businesses which rely heavily on cheap labour, such as supermarkets and pubs, have grumbled, while anti-poverty groups say the rise will not offset benefit cuts.

However it noted that if public sector pay had not been capped at one per cent for another four years about 400,000 jobs would have needed to be lost but with the pay restraint that figure has reduced to 200,000.

With the budget directly affecting students at the University of Hertfordshire and members of the local community, we spoke to opposing representatives from both Conservative and Labour at the Welwyn Hatfield Borough Council to gain their thoughts.

“This has been a budget that attacks the working poor and the disabled”.

“It is making their life an bad lot tougher”.

Setting out the think-tank’s analysis of the chancellor’s statement,

IFS director Paul Johnson

said the delay was the result of a “gentler than planned path for spending cuts, including welfare”.

He said the Chancellor has not managed to find the £12bn of welfare cuts by 2017-18 he has “repeatedly promised” and has announced just £7bn’s worth. He said that the, “best thing, would be that we’re now aiming to balance the books and have a balanced budget over the next parliament”.

In his budget he tried to set up two competing visions of Britain; Gordon Brown’s, where too many people paid too much tax to fund a welfare system that was out of control.