Ahead of George Osborne’s speech to the Conservative conference, the big announcement is that the Chancellor has secured the agreement of Iain Duncan Smith and the Lib Dems to a further £10bn of welfare cuts in 2015-16 on top of the £18bn of cuts already announced. In a joint article for the Daily Mail, Osborne and Duncan Smith write:
The Lib Dems cave in to Osborne over £10bn welfare cuts
Chancellor secures agreement of Clegg's party for £10bn of further welfare cuts in 2015-16.