The Coalition will, by 2015, have cut the welfare bill by £18 billion with another £10bn of cuts in the pipeline for the following year; the annual cost of benefits is around £200bn, representing one-third of all Government expenditure.
IAIN Duncan Smith insisted there was a "once in a lifetime opportunity" to reform welfare as he made clear benefits would be slashed again in the next parliament.
The Coalition will, by 2015, have cut the welfare bill by £18 billion with another £10bn of cuts in the pipeline for the following year; the annual cost of benefits is around £200bn, representing one-third of all Government expenditure.
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