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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/01/welfare-bill-to-cost-extra-14bn.jpg"><img class="alignnone size-full" title="Welfare benefits are set to cost about 1.4 billion pounds more than previously expected over the next four years" src="http://londonglossy.com/wp-content/uploads/2011/01/min-welfare-bill-to-cost-extra-14bn.jpg" alt="Welfare benefits are set to cost about 1.4 billion pounds more than previously expected over the next four years"/></a></p>
<p>Welfare benefits are set to cost about £1.4 billion more than previously expected over the next four years because of rising unemployment, according to the Government&#8217;s independent financial watchdog.</p>
<p>The unemployment benefit bill is to be £700 million higher than thought, while the cost of housing assistance will also grow by £700 million because of larger numbers of people claiming jobseeker&#8217;s allowance or falling into lower wage brackets, the Office for Budget Responsibility (OBR) found.</p>
<p>Its analysis is based on the revised unemployment estimate after the June budget, when it changed its forecast from 6.3% to 6.5% for 2014.</p>
<p>Since then the forecast has been revised upwards again, to 6.7%, but no costing has been carried out for that figure yet.</p>
<p>Shadow work and pensions secretary Douglas Alexander said the OBR analysis demonstrated the risk the Government was taking with the economy and its package of cuts.</p>
<p>&#8220;The growing cost of the risk the Government is running with the economic recovery is now emerging. The result of policies which undermine growth and jobs is a longer dole queue and a higher welfare bill,&#8221; he told The Guardian.</p>
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