Short Cuts
Martin Loughlin: Tax Credits, 19 November 2015
“... to the welfare bill. Given their commitment to protect pensioner benefits, tax credits – despite David Cameron’s earlier promise not to cut them – were pushed to the front of the queue, and in the July budget Osborne announced that tax credits would be cut by £4.4 billion. This amounted to 15 per cent of the total tax credit budget, and meant that more ... ”