Shadow chancellor John McDonnell asks George Osborne for an assurance that the original tax credit proposals would not result in any child living below the poverty line,during Treasury questions on Tuesday. The chancellor refuses to give that assurance, questioning whether McDonnell was promoting ‘uncapped welfare and unlimited borrowing’. The exchange followed the House of Lords blocking Osbornes plans to cut tax credits on MondayRead: George Osborne says he will ‘lessen the impact’ of tax credit cutsListen: Chris Grayling blames Lords defeat on Labour and Lib Dem election revengeWatch: ‘I will deliver tax credit reform’Continue reading...
Source: theguardian.com