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JohnLovesHorlicks

JohnLovesHorlicks Report 5 Dec 2012 09:09

"Chancellor George Osborne will today warn there are no "miracle cures" as he admits more drastic action is needed to balance Britain's books.

Mr Osborne will confirm in a bleak mini-budget that Whitehall departments are being ordered to find another £5bn in cuts to fund projects aimed at kick-starting the economy."

Rumours are that he will suspend or delay the 3p per litre rise in petrol and diesel.

Also not increase benefits in line with inflation.

This will be a small positive benefit, particularlty in largely rural areas like Wales. But will have a huge impact on places that very much depend on benefits to fuel the local economy..

Happy Christmas??

JohnLovesHorlicks

JohnLovesHorlicks Report 5 Dec 2012 17:00

Fuel increase of 3p abandoned. April increase delayed till Sept 2013 :-D

OAPensions to go up by £2.30 in April 2013

Most working-related benefits will only be increased by 1% from April 2013, rather than the 2.2% they were due to increase by. :-( :-(

Child Benefit will increase by 1% from April 2014.:-)