George Osborne plans to breach Treasury welfare spending cap
by Patrick Wintour Political editor from on (#VPBT)
Chancellor has concluded the department cannot find enough savings to compensate for decision to slow 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 slow 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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