Resolution Foundation and Institute for Fiscal Studies said slowing impact of the cuts would still save £4.4bn in long runThe government could easily late the pace of tax-credit cuts and still meet its deficit target,tax and welfare experts told MPs on Monday, as research showed that two-thirds of working tax credit recipients would be worse off by 2020.
Welfare experts also warned that the structure of its reforms would destroy Universal Credit’s original purpose of increased work incentives.
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Source: theguardian.com