Chancellor George Osborne
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Chancellor George Osborne defends welfare cuts

Child benefit is to be axed for higher rate taxpayers from 2013, Chancellor George Osborne has announced.

Any couples where one parent earns about £44,000 - roughly the 40% tax level - and above will be affected.

His speech was his last chance to prepare the ground for his tough review of spending which will be announced later this month.

The BBC's Ben Wright reports.

  • 04 Oct 2010