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Welfare scheme a ‘significant risk’ to public spending, warns Office for Budget Responsibility.
Triple-lock protection too costly, says former pensions minister, as work and pensions department refuses to rule out review.
Critics claim work incentives will be undermined by Universal Credit cuts introduced in the summer budget.
Chancellor unveils new "living wage" but hits the poor with sweeping cuts to welfare and in-work benefits.
Chancellor promises a ‘budget for working people’, which will also spell out how the Conservatives will cut £12bn from Britain’s welfare bill.