WHERE SAVINGS WILL BE MADE
n £2bn by only paying employment support allowance – which replaced incapacity benefit – for one year to claimants assessed as being ready for work.
n 625m by freezing working tax credits.
n 490m by cutting housing benefit by 10 per cent.
n 385m by cutting the childcare element of working tax credit.
n 270m through a 26,000 cap on benefits an out-of-work family can receive.