Osborne Bets on Credibility With Harder Welfare Stance

September 29, 2014 11:03 PM

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U.K. Chancellor of the Exchequer George Osborne pledged to squeeze benefits for 10 million families in a gamble that his Conservative Party’s toughening economic stance will win him credibility with voters.

Osborne said yesterday the Tories will freeze welfare payments for people of working age for two years starting in April 2016 if they are re-elected next May. The move, affecting more than a third of households, will encompass child benefit, tax credits and housing benefit and affect both working an...

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