Critics say relief for low-income families is only temporary as many will be worse off after switch to universal creditGeorge Osborne has performed a spectacular political climbdown over his plans for £4bn of cuts to tax credits.
The chancellor had been expected to soften the blow of the cuts following weeks of pressure from across the political spectrum. But in an unexpected shuffle, Osborne announced in his spending review that he was abandoning the plans almost wholesale. Continue reading...
Source: theguardian.com