FINANCIAL ASSAULT ON POOR ONLY DELAYED
13 December 2015
In his autumn mini-budget George Osborne, the Tory chancellor, abandoned his proposal to cut tax credits for the working poor. The proposal had been attacked by many, including some Tory MPs, as unjust, taking money from those working people least able to afford the loss. Osborne’s decision, whatever its vulnerable cause, is welcome.
However, that’s not the end of the Tory attack on the poor.
The Institute for Fiscal Studies (IFS) and Resolution Foundation have both pointed out that the move to universal credit and the significant changes to it set out in the budget mean the Tories are still going to cut benefit payments for very many.
The IFS sets out the changes in detail in its paper Benefit changes and distributional analysis by Andrew Hood. A press release by the RF explaining that most loss of benefit income has been delayed rather than stopped is here.
Misery and injustice delayed not abolished.