October 27, 2016

Autumn Statement of Osborne’s tax credit cut & police protected amid terror threat

George Osborne has delivered his Autumn Statement and Spending Review. Today he has completed a U-turn on tax credit cuts and vowed not to cut police budgets as he .

Having seen his proposals defeated in the House of Lords, Mr Osborne had been expected to introduce watered-down cuts today.

He told the House of Commons: “I’ve had representations that these changes to tax credits should be phased in.

“And because I’ve been able to announce today an improvement in the public finances, the simplest thing to do is not to phase these changes in, but to avoid them altogether.”

short points:


* £10bn boost for NHS
* Basic state pension to rise by £3.25 per week
* Local councils given powers to set their own business rates and raise social care funds
* ‘Tampon tax’ proceeds to be spent on womens’ charities
* Osborne u-turn sees tax credits cut
* ‘Tampon tax’ proceeds to be spent on womens’ charities
* No cuts to police budget
* Doubling of housing budget to build 400,000 new affordable homes by 2020

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