Families’ relief over tax credits U-turn

Many families across Sussex will be breathing a sigh of relief this afternoon (Wednesday November 25) after Chancellor George Osborne performed a U-turn on controversial cuts to tax credits.

Chancellor George Osborne
Chancellor George Osborne

Mr Osborne had faced opposition from opposition parties and the House of Lords, which last month voted to delay the planned cuts.

In today’s Spending Review, the chancellor told MPs improved public finances had enabled him to scrap the planned phasing of cuts altogether.

Sign up to our daily SussexWorld Today newsletter

However, analysts have warned that the introduction of Universal Credit - and changes associated with it - could still see families losing out in 2020.

Elsewhere, councils face losing a sizeable chunk of funding, with the phasing out of the government’s support grant over the course of the parliament.

This, Mr Osborne said, would be tempered by proposals for authorities to keep business rates collected locally.

He said his vision represented a ‘revolution’ in the way the country was governed, with new powers but ‘new responsibilities’.

What do you think? Let us know your views by commenting below.

Don’t miss out on all the latest breaking news where you live.

Here are four ways you can be sure you’ll be amongst the first to know what’s going on.

1) Make our website your homepage

2) Like our Facebook page

3) Follow us on Twitter

4) Register with us by clicking on ‘sign in’ (top right corner). You can then receive our daily newsletter AND add your point of view to stories that you read here.

And do share with your family and friends - so they don’t miss out!

Always the first with your local news.

Be part of it.