TV0 min ago
Spending Review: George Osborne U-Turn Over Tax Credits
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Spectacular U-Turn from Osborne !
"The chancellor was forced to rethink plans to cut £4.4bn from tax credits for low paid workers in April after they were rejected by the House of Lords.
Rather than phasing the cuts in, as he had been expected to do, Mr Osborne said he said he had decided the "simplest thing" was "to avoid them altogether", even though it would mean missing his own target for overall welfare spending in the early years of this Parliament"
Thanks House of Lords....you do serve a useful purpose after all !
Spectacular U-Turn from Osborne !
"The chancellor was forced to rethink plans to cut £4.4bn from tax credits for low paid workers in April after they were rejected by the House of Lords.
Rather than phasing the cuts in, as he had been expected to do, Mr Osborne said he said he had decided the "simplest thing" was "to avoid them altogether", even though it would mean missing his own target for overall welfare spending in the early years of this Parliament"
Thanks House of Lords....you do serve a useful purpose after all !
Answers
He had no choice. I find this whole thing rather alarming. Is Osborne so mired in his ideology that he couldn't even see that apart from anything else this measure was actually a disincentive to work? Credit to the decent Tory MPs who would not be bribed and cajoled and stood firm for what was right.
17:53 Wed 25th Nov 2015
You noticed that too svejk?
I'm no fan of Osborne as Chancellor -- he has consistently failed to meet his own targets, for one thing -- but the entire Labour line of attack at the moment seems chaotic and incoherent. I can't say I wanted Corbyn to win, but I had hopes that once he did he might at least be able to do a decent job. But if he can do so he's taking his sweet time getting to look like a decent opposition leader. Ho hum.
I'm no fan of Osborne as Chancellor -- he has consistently failed to meet his own targets, for one thing -- but the entire Labour line of attack at the moment seems chaotic and incoherent. I can't say I wanted Corbyn to win, but I had hopes that once he did he might at least be able to do a decent job. But if he can do so he's taking his sweet time getting to look like a decent opposition leader. Ho hum.
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