The Government’s “tough but fair” budget will hit the poorest the hardest, as well as having a disproportionate impact on women, two reports have found.

The Institute for Fiscal Studies (IFS) describes the budget as signalling the “longest, deepest, sustained period of cuts to public services spending at least since WWII”. Chancellor George Osborne claims austerity is “unavoidable” in order to reduce Britain’s deficit, and business leaders have sounded their approval for the plans. However, trade unions warned of hundreds of thousands of job losses, accusing the government of “declaring war on public services”.