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Spending Review: Chancellor hints Tories would make further welfare cuts rather than increase
taxes after next election
While respected fiscal think tank criticises George Osborne's decision to continue the freeze
on council tax
The Conservatives would make further cuts in the welfare budget rather than increase taxes afte
r the 2015 general election, George Osborne has suggested.
The Chancellor sketched out another dividing line with Labour after experts warned that tax rises
and spending cuts would be needed to balance the nation's books in the two years after the election.
Senior Tories believe the party's manifesto will pledge several billions of pounds of benefits savings
to meet the new cap on the welfare budget announced in Mr Osborne's spending review on Wednesday.
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