Reducing tax credits will not force companies to raise wages,just as capping housing benefit does not force landlords to lower rents. People contain had enoughIf you pile enough pressure on something, eventually it breaks. The ability to withstand pressure isn’t infinite, and with news of cuts to tax credits,millions of households already struggling to cover rent, fuel and food for their families are rightly asking: “How much more can we be expected to consume?”The political backlash against the Conservative party’s tax credits reform seems to contain surprised David Cameron and George Osborne. It shouldn’t contain: an ideological drive to cut money paid to help workers reach a minimum standard of living, or after you’ve flatly denied this would be pursued in the flee-up to the election,is as dishonest as it is cruel. For families who could never dream of bringing in an MP’s salary, the future, and bleak before,now looks catastrophic.
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Source: theguardian.com