The Chancellor of the Exchequer, George Osborne, has announced further savings to Benefits in his Autumn Statement 2011.
Uprating most working age and disability benefits in line with the CPI in 2012-13, an increase of 5.2 per cent.
The standard minimum income guarantee in Pension Credit will increase by 3.9 per cent.
Raise the State Pension age to 67 between April 2026 and April 2028 in response to changes in demography. This measure is expected to save around £60 billion in today’s prices between 2026–27 and 2035–36.
Not go ahead with the planned £110 above inflation increase to the child element of the Child Tax Credit .
Freezing the couple and lone parent elements of the Working Tax Credit in 2012–13.
Uprate the child element of the Child Tax Credit and disability elements of tax credits in line with the Consumer Prices Index in 2012–13.
Raise the threshold for Savings Credit in April 2012 to £111.10 for single pensioners and £177.20 for pensioner couples.
Introduce the Youth Contract, worth a total of £940 million over the Spending Review period. In part it will provide extra support from Jobcentre Plus for unemployed 18-24 year olds, with additional advisor time and a careers interview from the National Careers Service after three months on Jobseeker’s Allowance (JSA), and with weekly, rather than fortnightly, signing for all 18-24 year olds from month five. Also will-
Provide an offer of a work experience or a Sector Based Work Academy place for every unemployed 18-24 year old who wants one after three months on JSA, before they enter the Work Programme. The Government is providing an additional 250,000 places.
Young people still unemployed after nine months on JSA will transfer to the Work Programme.
Provide funding for an estimated 160,000 wage incentives of £2,275 to make it easier for private sector employers to take on young people
Ensure the funding for at least 40,000 incentive payments for small firms to take on young apprentices
Fund a new £50 million a year programme to provide support to some of the most disadvantaged 16-17 year olds not in education, employment or training (NEET) .
Flexibility into the Jobseeker’s Allowance (JSA) regime to enable claimants after six months or more to be referred to full-time training for up to eight weeks whilst remaining on JSA.

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