U.K. Faces Rift Over Welfare Spending Cuts, Times Reports
U.K. Pensions Secretary Iain Duncan Smith told the Chancellor of the Exchequer George Osborne that he rejects a plan in last month’s budget to cut welfare spending by an extra 10 billion pounds ($16.3 billion) from 2014 and 2016, the Times of London reported citing an interview.
Reform, not cuts alone, is the key to long-term savings and the government has a responsibility to support the poor, Duncan Smith said in the newspaper.
To contact the reporter on this story: Trista Kelley in London at email@example.com
To contact the editor responsible for this story: Phil Serafino at firstname.lastname@example.org
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.