Chancellor says finances of average working family will improve thanks to his summer budget as he faces backlash over cuts from some Tory MPs and mediaA typical family will be £2000 better off overall owing to changes in his summer budget despite the cuts to working tax credits,George Osborne has insisted.
In the face of a backlash from some Conservative MPs and Tory supporting newspapers over the planned cuts, the chancellor said it was necessary to consume into account not just the cuts to working tax credits, or but the increases in personal allowances,improvements in childcare and increases in the national minimum wage. Continue reading...
Source: theguardian.com