[arista]

Osborne SCRAPS £4.4billion tax credit cuts after Tory revolt as he boasts Britain's finances are in better shape

Chancellor stuns Parliament as he bows to pressure to help working poor
Autumn Statement reveals progress on balancing the books by 2019-20
Spending Review sets out £20billion in cuts and £12billion from welfare
Warnings against cutting police in the wake of the Paris terror attacks
NHS, defence, foreign aid and spies are the big winners with more cash
But justice, transport, culture and local government bear the brunt of cuts


Read more: http://www.dailymail.co.uk/news/arti...#ixzz3sVdWtizc

http://news.sky.com/story/1594153/os...to-tax-credits

[Kazanne]

At least he listened to people and acted upon it ,and he is giving pensioners more,,this is the good that being harsh does for a while,people just need to give them chance and muck in.

[arista]

No Cuts in the Police Budget another big U Turn

[Kazanne]

Originally Posted by arista

No Cuts in the Police Budget another big U Turn

More good news eh arista?

[smudgie]

Sounded pretty sound to me.
When the Shadow Chancillor can only come back with the fact that we are behind with the defect balance then you now if was a successful review.
Hopefully the deficit will be sorted by the end of this parliament.

[arista]

A Solid Budget with 2 Important U Turns

[Kizzy]

Originally Posted by arista

Osborne SCRAPS £4.4billion tax credit cuts after Tory revolt as he boasts Britain's finances are in better shape

Chancellor stuns Parliament as he bows to pressure to help working poor
Autumn Statement reveals progress on balancing the books by 2019-20
Spending Review sets out £20billion in cuts and £12billion from welfare
Warnings against cutting police in the wake of the Paris terror attacks
NHS, defence, foreign aid and spies are the big winners with more cash
But justice, transport, culture and local government bear the brunt of cuts


Read more: http://www.dailymail.co.uk/news/arti...#ixzz3sVdWtizc

http://news.sky.com/story/1594153/os...to-tax-credits

12 billion was the original figure touted, if it's not tax credits being cut what is it?

[joeysteele]

There should never have been any threat to the Police in the first place and his u turn on tax credit cuts is only because the Lords threw them back at him and Conservative MPs were moving to possibly rebel if he stuck with them.
He hasn't listened to anyone at all,all that has happened is his hand has been forced.

Democracy and common sense has won today on this, not him.had there been no hint of antagonism towards his plans he would have implemented them fully and rigidly as they were originally set.
Again I say on the tax credit issue, really well done to the House of Lords,on not only being able to further expose the wrongs of the policy but to use their power, such as it was, to get rid of the rotten policy near altogether..

[Kizzy]

The cuts to the police would have gone ahead had it not been for the Paris attacks, people were quite rightly asking in the face of such a threat why are the police and first responders being cut.
Tax credits were facing a 4 billion chop where will the axe fall now?

[Cherie]

It seems that people moving onto Universal Credit will lose their tax credits I guess that is child tax credit though not sure how it all works

[smudgie]

Originally Posted by Cherie

It seems that people moving onto Universal Credit will lose their tax credits I guess that is child tax credit though not sure how it all works

I think that was already on the cards, and all passed ready to be implemented at the time it is due.
So in reality he still gets his tax credit cuts in the long run

[Cherie]

Originally Posted by smudgie

I think that was already on the cards, and all passed ready to be implemented at the time it is due.
So in reality he still gets his tax credit cuts in the long run

Yes Smudgie it means really he hasn't done a full U turn in tax credits at all, just a partial one so smoke and mirrors come to mind

[arista]

Originally Posted by Cherie

It seems that people moving onto Universal Credit will lose their tax credits I guess that is child tax credit though not sure how it all works

2017
but many will be protected

[arista]

John McDonnell Threw Dictator Chairman Mao's Little Red Book at the Tories

Read more: http://www.dailymail.co.uk/news/arti...#ixzz3sWU6axVX




Chairman Mao Murdered so many

Not Funny at all

[Kizzy]

Originally Posted by arista

John McDonnell Threw Dictator Chairman Mao's Little Red Book at the Tories

Read more: http://www.dailymail.co.uk/news/arti...#ixzz3sWU6axVX




Chairman Mao Murdered so many

Not Funny at all

I thought it was funny... And nobody was surprised.

I like answering my own posts

[joeysteele]

Originally Posted by Cherie

Yes Smudgie it means really he hasn't done a full U turn in tax credits at all, just a partial one so smoke and mirrors come to mind

He has become the master of conning people in my view, possibly the only thing he has excelled on in his time as Chancellor.
He is also thinking about his own leadership bid when the ditherer Cameron goes before 2020.

[bitontheslide]

Originally Posted by joeysteele

He has become the master of conning people in my view, possibly the only thing he has excelled on in his time as Chancellor.
He is also thinking about his own leadership bid when the ditherer Cameron goes before 2020.

I know we see things differently regularly, but I agree, they are just rebadging things. Its not a new tactic though, remember all the times Blair and Brown did similar. Announcing new spending for blah, when it was spending that had already been announced under another banner. I'm not saying this justifies it, just that all governments are guilty of it.

[joeysteele]

Originally Posted by bitontheslide

I know we see things differently regularly, but I agree, they are just rebadging things. Its not a new tactic though, remember all the times Blair and Brown did similar. Announcing new spending for blah, when it was spending that had already been announced under another banner. I'm not saying this justifies it, just that all governments are guilty of it.

I was never a fan of Blair and Brown either,sometimes we don't see things that differently really.
few in my family discuss Cameron with me however and I feel much about Osborne and in fact Theresa May as I do about Cameron.

I agree with all you say above.

[Toy Soldier]

Originally Posted by Cherie

It seems that people moving onto Universal Credit will lose their tax credits I guess that is child tax credit though not sure how it all works

Well, universal credit is both sets of tax credits (working and child) plus housing benefit, Jobseekers, and a few other things (I think pretty much all benefits other than those related to disability) rolled into one payment.

The tax credits issue was that they were lowering the amount earned at which tax credits started to be scaled back (almost halving it) and also increasing the reduction in benefits per £1 earned. They have now scrapped that, but yes, my first thought was: if they haven't done the same with Universal Credit - if the lowered threshold and increased taper rate still applies to Universal Credit - then this "U turn" is temporary and ultimately meaningless.

[Kizzy]

Basically they've just bought themselves time to figure out a way to do it without the pesky lords meddling?

[MTVN]

He is able to scrap the tax credit cuts because borrowing over the next few years is now forecast to be a lot less than previously thought. Those forecasts will probably be wrong of course but there we are. It was a good review for Osborne and he's managed to avert a few big pitfalls.

Mind you, when your opposite number responds by reading Mao's Little Red Book then you're never going to look like the biggest fool of the day

[Kizzy]

Pfft... He has money atm because he is Jinpings fallout boy, what the shadow chancellor said was apt.
Will it help the deficit? I doubt it.

[bitontheslide]

Originally Posted by Kizzy

Pfft... He has money atm because he is Jinpings fallout boy, what the shadow chancellor said was apt.
Will it help the deficit? I doubt it.

There is nothing wrong with inclusive cooperation though, Through cooperation, we understand each other better and have better opportunity to influence

The shadow chancellor was being a dick. If that's how he behaves when he basically gets the results he wants, how the hell is he going to behave when things are tough.

China is a valued economic partner, huge progress has been achieved with them over the last few decades. Of course its anything but ideal, but its much much better than it was.

[Kizzy]

Economic partner my arse... They paid us to house a nuclear reactor.
That was the message behind the passage read out today, and he's spot on.

[Kizzy]

'Town halls are facing a £4.1bn a year black hole in their budgets that not even the closure of every children’s centre, library, museum and park could fill, council leaders have warned.

George Osborne’s decision to axe the central government grant to councils over the next four years came in a comprehensive spending review that the Local Government Association (LGA) chairman, Gary Porter, a Conservative peer, described as a tragic missed opportunity to protect the services “that bind communities together, improve people’s quality of life and protect the most vulnerable”.

The chancellor had announced “a revolution in the way we govern this country” by giving town halls far greater fundraising powers, allowing them to keep 100% of business rates, rather than the current 50%, and increase council tax bills by 2% to pay for rising social care bills. But they will lose the grant worth £18bn across councils in England, according to the LGA.'

http://www.theguardian.com/society/2...pending-review