Report reveals Tories’ threat to families

A new report shows that George Osborne's plans are badly flawed and would mean taking child tax credits away from couples earning over £31,000 per year A new report from the Institute for Fiscal Studies (IFS) has shown that families on modest and middle incomes would have to lose out to make Conservative plans add up. Research by the independent think tank was originally cited by George Osborne as confirmation that his plan to cut child tax credits would only mean ending support for families on incomes over £50,000. However, the IFS’ Green Budget report released this week spells out that in order to reach the £400 million in savings that George Osborne said his plan would raise the Tories would actually need to cut support to modest and middle income couples earning over £16,000 each. When announced at last year’s Conservative Conference it was claimed...