Independent government economic forecasters have confirmed the Coalition remains on target to meeting its welfare cap commitment, chancellor George Osborne told MPs today.

In his Autumn Statement, the Mr Osborne said the Office for Budget Responsibility (OBR), had today reported that ‘the government is on track to meet the welfare cap commitment'.

The OBR is responsible for monitoring compliance with the cap, which for 2015/16 has been set at £119.5bn out of total social security and tax credit spending of £218.8bn.