George Osborne remains adamant that his proposals for tax credit reform will go ahead, despite his initial plans being defeated by a vote in the House of Lords yesterday. (itv.com)
«We are also dismayed that the IDA tax credit reform proposal advanced by the Governor did... (read more) (fiscalpolicy.org)
In devising and costing its tax credit reform and amendments to it, the Treasury must have crunched at least some of the numbers around flows of people on and off tax credits, just as they must have the analysis that we and the Treasury Committee have asked for of the true picture of the net impact of the proposed tax credit cuts. (itv.com)