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.