Spending Review: George Osborne U-Turn Over Tax Credits

[mikey4444]

http://www.bbc.co.uk/news/uk-politics-34915218

Spectacular U-Turn from Osborne !

"The chancellor was forced to rethink plans to cut £4.4bn from tax credits for low paid workers in April after they were rejected by the House of Lords.

Rather than phasing the cuts in, as he had been expected to do, Mr Osborne said he said he had decided the "simplest thing" was "to avoid them altogether", even though it would mean missing his own target for overall welfare spending in the early years of this Parliament"

Thanks House of Lords....you do serve a useful purpose after all !

[jim360]

You noticed that too svejk?

I'm no fan of Osborne as Chancellor -- he has consistently failed to meet his own targets, for one thing -- but the entire Labour line of attack at the moment seems chaotic and incoherent. I can't say I wanted Corbyn to win, but I had hopes that once he did he might at least be able to do a decent job. But if he can do so he's taking his sweet time getting to look like a decent opposition leader. Ho hum.

[whiskeryron]

//Surely congratulations are in order? He listened. NO he realized.

[naomi24]

I think he 'realises', Ron. That's why he formulated the plan in the first place.

[viv41]

He only capitulated because of a tory revolt, he had egg on his very smug face !