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He went on: "The action we have taken means that we are set for a steady and sustainable recovery."

single universal credit, under a scheme agreed between Work and Pensions Secretary Iain Duncan Smith and the Treasury after a long battle over cuts to the welfare budget which Mr Osborne said would make it "worth going to work" and cut fraud.

Mr Osborne denied he had tried to block Mr Duncan Smith's proposed reforms.

He said: "It will work by using the tax system to take away from higher rate taxpayers, where they are in a household claiming child benefit, the equivalent amount.

The Chancellor would not rule out the possibility of a "double dip" recession something Justice Secretary Ken Clarke said remained possible in a more gloomy assessment of future prospects yesterday.

Benefits are to be brought together into a Air Max Black And White Mens

they have got big debt problems which the markets and the international community don't think they are addressing," he said.

The Chancellor said the measure, which will affect families whereone parent earns over 44,000,was "difficult but fair" and would raise around 1 billion.

But the upfront costs would be paid for by cuts to child benefit for better off people, he indicated, as he prepares to unveil massive cuts to Whitehall budgets in the spending review on October 20.

´╗┐Child benefit to be scrapped for parents who earn over

Mr Osborne told the BBC Radio 4 Today programme that he hoped higher rate taxpayers would stop claiming child benefit but, if they did not, the same amount would be deducted from them in taxes.

Child benefit payments will be stopped for all higher rate taxpayers from 2013 to pay for wider reform Air Max 95 Release Dates 2015

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The Chancellor added: "I hope higher rate taxpayers do the sensible thing, which is to stop claiming child benefit, so we don't have to take it back through the tax system."

He told ITV's Daybreak: "We are paying as a country the people about to go out to work are paying this 120 million a day in interest on our growing debt.

"I wanted the child benefits system to be like it is for many millions of people something you claim, usually as a mother, just after the birth of your child.

But he said experts, including the new independent Office for Budget Responsibility were predicting 2% growth.

Mr Osborne also insisted that the Government's cuts policy would put the country on course for a "steady and sustainable recovery".

"It is not a decision we have taken lightly but given the scale of the debts that Labour's left us with. we think this is fair and it means we are all in this together."

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"These are going to be families where there is a higher rate taxpayer about 15% or so of families and we are going to say it is very difficult to justify taxing people on much lower incomes in order to pay the child benefit to some of the better off in our society.

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"We have managed to actually move Britain out of that financial danger zone."

"The real risk would be not taking action. If you look around the world, you can see other countries with real problems because Nike Air Max Womens Shoes

of the benefits system, George Osborne confirmed today.

"I looked at a way of doing this as simply as possible and removing it from Air Max Kicks higher rate taxpayers' households was the simplest way of doing it."

"The hard economic choices we make are but a means to an end, and that end is prosperity for all," he will say.

"The reason I've done it this way is I didn't want to introduce a complex means test into the child benefits system.

"It's not that I didn't like the idea. It is just that my job is to make sure that the public finances are secure," he said.

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The Chancellor will use his speech to the conference to promise the cuts will usher in a new age of prosperity as he seeks to shore up public support for the divisive plans.

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"We are going to withdraw child benefit from higher rate taxpayers. It is a big decision for us but we think it is absolutely necessary and fair given the financial situation we face," he said.

Mr Osborne said the change would be introduced "in as simple a way as possible", based on the tax categories, to avoid the need for a complex means test.

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He will try to strike an upbeat tone about the country's prospects, while warning that Labour leader Ed Miliband would put the economy "back on the brink" and create the need for even bigger public spending cuts in the future.

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"When we are asking so much of so many people across society, I think it is a fair measure," he told BBC Breakfast ahead of his speech to the Conservative Party conference in Birmingham.

After Mr Miliband last week accused the Tories of being pessimistic, Mr Osborne will maintain that the coalition's approach to the deficit will harness the country's "aspiration" and deliver "a better future for all".

"That is going to, in some cases, foreign governments so they can build the schools that we cannot afford to build here. So I want to deal with that situation as quickly as is sensible and make sure we are not still here in five, six, seven years' time having this conversation."

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