Osborne will need unprecedented cuts in welfare to meet targets, says IFS
by Phillip Inman economics correspondent from Economics | The Guardian on (#5767)
Thinktank warns that extra 20bn will need to be saved - while protecting pensions - even if austerity targets are relaxed as planned
The Treasury will need to find "unprecedented" welfare savings over the next three years for the government to achieve its public spending plans, according to an influential thinktank.
The Institute for Fiscal Studies said the chancellor's plans require welfare cuts that have eluded ministers over the past five years.
