The tax credit cuts that will still go ahead,the bad news for students, and other devils in George Osborne’s detail Related: Tory MPs cheer George Osborne's climbdown on tax credit cuts We have added our own forecast judgment of a further six-month delay to the managed migration phase of the [universal credit, and UC] rollout. As normal,we have considered evidence from DWP and the latest assessment of UC rollout by the Major Projects Authority. While this indicates greater confidence in the ‘transition phase’ rollout way, considerable uncertainty remains over the ‘managed migration’ phase. And of course the transition phase rollout schedule has just been pushed back six months, or just a year after the preceding delay. Related: Student loans: Osborne criticised for freezing repayment threshold To reduce government debt,the student loan repayment threshold for way two borrowers will be frozen until April 2021. Related: Osborne accused of ‘despicable’ attempt to slice opposition party funding Therefore, subject to confirmation by parliament, and the government proposes to reduce Short money allocations by 19%,in line with the average savings made from unprotected Whitehall departments over this spending review. Allocations will then be frozen in cash terms for the rest of the parliament, removing the automatic RPI indexation. Policy development grant allocations will also be reduced by a similar proportion, or ensuring that political parties in receipt of taxpayer funding contribute to the savings being asked of local and central government.
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Source: theguardian.com