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Tax credit cuts latest
Work and Pensions Committee to hold urgent session on tax credits with the IFS and Resolution Foundation next Monday -
Opposition day motion calling on government to reverse decision to cut tax credits defeated in House of Commons by 317 votes to 295.
Has fatal motion bitten the dust?
Sky News reporting that Baroness Meacher has dropped plans to table the fatal motion after government pressure
http://news.sky.com/story/1573163/tory-mps-round-on-osborne-over-tax-credits
Really useful Jon - thank you - interesting that in some scenarios working more hours means you lose more…
[ Edited: 21 Oct 2015 at 10:41 am by Daphne ]Here’s the Low Incomes Tax Reform Group analysis of the cuts -
And here’s Damian Hinds’ response to the SSAC - https://www.gov.uk/government/publications/the-tax-credits-income-thresholds-and-determination-of-rates-amendment-regulations-2015-ssac-comments
Apparently ‘the government’s changes to tax credits will ensure that claimants will always be better off in work and working more hours’
Pity Mr Hinds didn’t look at Jon’s projections…
Cameron apparently is “delighted” that vote to cut tax credits went through yesterday.
Commons Speaker warns Lords not to block tax credit cuts
As well as Bercow threatening the Lords on fatal motions.
Fatal motions tabled by Lib Dem and Labour peers -
Peers in House of Lords move to block £4.4bn cuts to tax credits
Really useful Jon - thank you - interesting that in some scenarios working more hours means you lose more…
Daphne, what are you referring to here? I can’t see anything from Jon.
I’ve put together some sample calculations focusing on the immediate effect of the April 2016 changes to WTC/CTC and UC for current claimants at…
post 14
There was a bit of a gap before I thanked Jon because others had got in there first! But they are really helpful projections
Tax credit cuts ‘signalled before the election’ says George Osborne…
Tax credit cuts ‘signalled before the election’ says George Osborne…
in a Question Time appearance before May’s vote, David Cameron said he would not be cutting the level of child tax credit. In July’s Budget, it was announced that child tax credits would be limited to two children per family
#liar
Another tax credit debate happening next Thursday - http://www.parliament.uk/business/committees/committees-a-z/commons-select/backbench-business-committee/news-parliament-2015/mps-debate-topic/ - to look at the distributional effect of tax credit reforms
Good blog here We Can’t (Tax) Cut Our Way Out of the Tax Credit Problem