Budget To Slow Pace Of Welfare Cuts: Sky Sources

The Budget will reveal the timetable for £12bn welfare cuts by 2017/18 has been extended by at least a year, Sky News understands. George Osborne has already said he has found the £12bn, but Sky sources say the full amount will now be delivered over a longer timeframe than announced in the March Budget and envisaged before the election. This is partly because buoyant tax revenues and new Office of Budget Responsibility projections mean the Chancellor can meet his fiscal mandate without making