Tuesday, 27 October 2015

Tax Credits

Tax credits were one of several measures to limit the amount of money spent on benefits which have allowed employers get away with low wages for too long.

The saving would have been about £4.4bn.

Last night [Monday 26-Oct-2015] the house of lords voted against the government and now the chancellor will tone down the tax credit changes and announce the revised version in the autumn statement in November.

This raises the larger question should we be governed by a group of unelected peers?

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