“[The] suggestion that tax credit cuts have somehow been postponed or transferred into Universal Credit is completely misleading”. “I hear and understand them”, he said.
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Tax free childcare for families earning more than £100,000 to be scrapped.
She added: “I think they have already cut enough so I am quite pleased that they have decided against their initial proposals”. Now is the time to back our police and give them the tools to do the job.
THE head of the Metropolitan Police has welcomed the news police budgets will not be further cut. There will be real terms protection for police funding.
Shadow work and pensions secretary Owen Smith said it was a joke that “clearly backfired” but Mr McDonnell was unrepentant, insisting that it had focused attention on his complaints about Government asset sales.
But despite his decision to drop £4.4bn tax credit cuts, Labour now says it is hardly something to cheer about.
Many are the same people who would have been hit by the heavily criticised plans to reduce working tax credits, it warned.
The announcement is part of Osborne’s broader plans for government spending which he is due to unveil later in the day.
“This Government has proven in the past its strong support for pensioners and this rise in the basic rate, the largest in 15 years, shows we are committed to making life better for our older generation”.
£4.4 billion in tax allowances for the poor had been blocked in April in an unusual move by the House of Lords, the upper house of Parliament.
Mr Osborne imposed a levy on business worth 0.5% of employers’ paybills to pay for three million apprenticeships, but said that all but the biggest 2% of companies will be exempted from the charge.
“We believe it’s the right decision given the variety of threats we’re facing”.
He said: “Since 2010, no economy in the G7 has grown faster than Britain”.
Mr Hayward said: “A disappointment was that the Chancellor did not announce any new money to help with the spiralling cost of adult social care or the national living wage”.
The IFS director claimed Chancellor George Osborne had been “lucky” with “some changes in forecasts for lower debt interest payments and higher tax revenues”.
Mr Johnson said the country saw “glimpses of George Osborne the reforming Chancellor”.
Johnson said: “There is no question that the cuts will be less severe than implied in July”.
NHS to deliver £22bn efficiency savings in England and Department of Health to cut 25 per cent from its Whitehall budget.
Osborne also revealed that there would be no cuts to the police budget as well as announcing more investment in infrastructure and funding for science research and development.
The Chancellor had sought to make a virtue of his complete climbdown on tax credits in his Autumn Statement speech on Wednesday saying: “The simplest thing to do is not to phase these changes in, but to avoid them altogether”. It is being phased in over the next few years, starting in different regions at different times.
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More stamp duty for buy-to-let landlords and second home owners. Some of the land for news homes would come from the closure of old prisons, such as Holloway women’s prison in north London.
