In December 2012 George Osborne announced the following intended Benefit changes-(£3.7 billion in cuts in 2015-16)
 Most working age benefits will rise at 1% per year from 2013 for 3 years(exceptions are pensions– will rise by 2.5%, and benefits relating to disability and carers– will rise by inflation).

 Cap Local Housing Allowance rises to 1% in 2014/15 and 2015/16(but allow 30% of the savings to be used in high rent areas).
 Extend the concessions on support for mortgage interest until March 2015. These allow housing costs to be paid after 13 weeks for eligible loans of up to £200,000.

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