Healey backs away from cutting welfare cost despite warnings of public finance shortfall

Experts round on chancellor over scattergun' budget, saying he ducked big tax and spending decisions

John Healey has backed away from cutting the cost of welfare this parliament, amid dire warnings his first budget could lead to brutal spending cuts because of a 28bn shortfall in public finances.

Experts rounded on Healey's steady-as-she-goes budget on Thursday, with the Institute for Fiscal Studies saying he had left himself a mountain to climb by ducking big tax and spending decisions.