Chancellor Osborne responds to criticisms of the Spending Review

An article detailing the responses to the unveiling of yesterday's Spending Review. A blog about the government spending cuts planned for the next four years. Chancellor George Osborne has defended the cuts outlined in yesterday's Spending Review after Labour described them as a reckless gamble unfair to the lives of many. The £81 billion in spending cuts included a £7 billion cut in the welfare budget with reforms to tax credits, incapacity benefit and housing benefit. Child benefit will be axed for higher rate payers, saving a total of £2.5 billion, and there will be a £3.5 billion increase in public sector employee pension contributions.