Commons back Osborne plan for tax credit cuts
15 September 2015
From the section UK Politics
The government has committed to reduce welfare spending by £12bn 2018.
MPs have backed government plans to cut spending on tax credits in the face of opposition from Labour and the SNP.
The Commons approved plans to lower the earnings level above which tax credits are withdrawn from £6,420 to £3,850 and speed up the rate at which the benefit is lost as pay rises by 35 votes.
Ministers say the move, estimated to save £4.4bn, is part of wider plans to raise pay and incentivise work.
But Labour say it is an “ideological attack” on working families.
The curbs on tax credits were announced in Chancellor George Osborne’s post-election budget in June.
During a 90-minute debate in the Commons, the opposition claimed three million …read more
Source:: BBC UK