Premier's Political Editor has been crunching the numbers and gauging reaction to George Osborn's speech.
George Osborne has set out plans to cut a further £25 billion pounds from public spending after the 2015 election. That includes £12 billion from benefits.
In a speech, the Chancellor says the size of the state and the welfare system must become "permanently smaller".
Premier's Political Editor Martyn Eden has been examining the Chancellor's speech in detail:
A Monthly Gift Of $11 Makes A World Of Difference
In a world of fake news there’s never been a greater need for quality Christian journalism. Premier’s mission is to provide the Church with the most up to date and relevant news, told from a Christian perspective. But we can’t do it without you.
Unlike many websites we haven't put up a paywall — we want to keep our journalism free at the point of need and as open as we can. Premier’s news output takes a lot of time, money and hard work to produce. No one in the USA is sharing news like we are across radio, magazines and online so please help us to continue that today.
For a monthly gift of $11 or more we’d also be able to send you a free copy of the brand new Premier Bible, a wonderful Anglicised version of the NLT packed with exclusive bonus content, reading plan and resources to help you get the most out of scripture.
Your monthly support will make a world of difference. Thank you.