George Osborne has hit his target of £11.5 billion in Whitehall cuts by slashing 144,000 more public sector jobs and raiding the welfare budget again.
The Chancellor also unveiled plans to put a cap on £100 billion of welfare
spending to stop the benefits budget spiralling out of control further in
future.
Speaking in the House of Commons, Mr Osborne said he is imposing a "limit
on the nation's credit card"
Mr Osborne will also take more money out of the welfare budget, despite
Liberal Democrat promises that there would be no more cuts to benefits.
However, the Ministry of Defence was barely hit with cuts at all, with its
overall budget falling by just £800 million, or less than two per cent, in
2015/16.
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