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Is this good news (budget)?

(35 Posts)
petallus Sat 16-May-15 13:08:16

I read today that Osborne intends to cut 10% off the welfare budget, including child allowance, tax credits and disability allowances.

He is leaving untouched that part of the budget which goes to pensioners.

Ana Sat 16-May-15 13:16:00

Where did you read that, petallus?

As far as I'm aware, Osborne hasn't revealed any facts and figures about the budget yet.

Ana Sat 16-May-15 13:27:29

Oh yes, just read the Guardian article, and this is the relevant bit:

'The IFS said the scale of the overall savings - 10% of the part of the welfare bill not spent on pensioners - would involve the Conservatives looking at child benefit, child tax credit and disability allowances.'

So not what Osborne has said, just speculation by the IFS.

Teetime Sat 16-May-15 14:06:01

George has to have a budget so he can clean up the mess left by the last government . grin

Mishap Sat 16-May-15 14:06:36

We wait and see. I hope it is not too harsh on young families struggling with making ends meet, and both having to go out to work.

annsixty Sat 16-May-15 14:08:11

How firmly was your tongue stuck in your cheek Teetime?grin

durhamjen Sat 16-May-15 14:14:00

Again, Teetime? He's not a very good, cleaner, is he, if it's taken all this time. He's on a bit more than the minimum wage, as well.

durhamjen Sat 16-May-15 14:33:55

The Guardian article also said that Labour had no shadow chancellor. Chris Leslie is the shadow chancellor, having worked in finance for over five years.

durhamjen Sat 16-May-15 14:53:29

Cameron was very keen on putting into law that he would not put up tax rates.
A legally binding target which seems to have been forgotten about is to eliminate child poverty by 2020, or at least reduce it to below 10%. At the moment, it is 17% and will rise to 21% by 2020, according to the IFS, if there are £12 billion of social security cuts.
It doesn't matter whether their parents are in work or out of work, children can still be poor.

Ana Sat 16-May-15 16:41:15

What is the definition of child poverty?

vampirequeen Sat 16-May-15 18:22:27

Child benefit, disability benefits and tax credits are all soft targets. I doubt he'll deal with the tax avoidance schemes that big business get away with.

Galen Sat 16-May-15 18:39:18

I think more people are getting PIP than was expected. Rumours are going round that the 'with an aid' descriptors will go for a start.

whitewave Sat 16-May-15 18:40:31


Ana Sat 16-May-15 18:51:52

As no one has answered my question, I will attempt to do so myself.

Child poverty

The current government definition is “children living in households with needs adjusted (‘equivalised’) incomes below 60 per cent of the median income….
Income is adjusted for different need (so called ‘equivalisation’) on the principle that the same income will stretch further in a smaller family than a larger one”.

So as the median income of the UK is around £27,000 p.a., any family with a household income of less than £16,200 (after housing costs) is classed as being 'in poverty'.

I don't think DD earns much more than that, and she has two children to bring up. No wonder so many families fall into that category.

soontobe Sat 16-May-15 21:27:16

I think that if DC messes up the welfare budget much more, he wont get away with it at the next election. He is skating on thin ice in my opinion.

rosequartz Sat 16-May-15 21:40:03

'messes up' or 'sorts out' soon?

Come on, this was in the Guardian!

It's like believing an article in the Daily Mail about Labour!

Ana Sat 16-May-15 21:44:20

And it's actually George Osborne who's in charge of the budget, soontobe.

durhamjen Thu 21-May-15 21:17:50

soontobe Thu 21-May-15 21:21:10

I am very much at the stage of wait and see what is to come.

DC is boss of GO as far as I am concerned.

durhamjen Sun 24-May-15 23:31:15

A good article about what to expect - and what not to - from the cuts. Says what you said, petallus, about leaving the pension alone.

Ana Sun 24-May-15 23:39:44

But at least Amazon has agreed to start paying UK taxes!

One less thing for you to be campaigning about, durhamjen grin

durhamjen Sun 24-May-15 23:51:59

When they do, I'll start using my Kindle again!

Ana Sun 24-May-15 23:54:31

I think they're already doing it, so feel free...

GrannyTwice Mon 25-May-15 00:19:04

Yes, it's true dj I knew my boycott would work

GrannyTwice Mon 25-May-15 00:20:26

Yes it's true dj I knew my boycott would work