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to think that Osborne's tax credit u-turn might not be a reversal but at least it will give people longer to prepare

(9 Posts)
Translator1000 Wed 25-Nov-15 16:10:55

as the changes will now be part of Universal Credit

www.bbc.co.uk/news/uk-politics-34915218

angelos02 Wed 25-Nov-15 16:12:25

I still don't understand why they don't just scrap tax credits and increase the threshold at which you pay tax. Save a fortune in admin' costs.

GoblinLittleOwl Wed 25-Nov-15 18:38:37

Looking for all the cries of gratitude from the recipients.

Babyroobs Wed 25-Nov-15 19:53:04

Just increasing the threshold at which you pay tax would not necessarily give the help to people with children, or have any way of taking into account how many children a family has. Currently the amount of child tax credits goes up with each additional child. Even families on £40k + can still claim child tax creidts if they have a few kids.

Sonnet Wed 25-Nov-15 19:59:17

A few weeks/months ago you couldn't move on active convos for threads about the proposed tax credit cuts and how folk were expected to manage...

I cannot believe how quiet it is today... Those that have won a reprieve, so to speak, in their income cuts don't appear to give a dam.

So as for giving time to people to prepare - what a load of rubbish. Until next time something like this is proposed the potential impacts will be ignored!

Justanotherlurker Wed 25-Nov-15 21:01:00

I cannot believe how quiet it is today... Those that have won a reprieve, so to speak, in their income cuts don't appear to give a dam.

Because there is no 'evil tory', attacking the poor rehtoric to attack, or most likely they have to wait for the Guardians analysis so they have a focal point of attack.

My amusing anecdote for the day is that of the most anti tories in our office, at least 3 of them are more pissed of with the BTL stamp duty raise, they genuinely thought there would be a reprieve of the recent tax increases not another line of attack, they don't understand that they are now in the firing line.

I'm genuinely happy for the reprieve for a couple of our junior developers though as the brutality that the reduction in tax credits was going to be implemented was going to hurt them.

I still stand by my line that it is an illogical system with many flaws that people and big business liked and took advantage of and therefor relied on (IMO, why there has been a lot of inside Tory pressure is coming from big business)

But I suspect those that can improve there situation to not rely on tax credits will not see it as a shot across the bow and will be very vocal when they inevitably do come in.

DeoGratias Wed 25-Nov-15 21:18:40

angel, I thought thast was still the plan - that changes will happen once the tax free allowance goes up (by which time everyone will be under unviersal credit). So a good idea for people to move back into full time work and seek promotions and higher pay in preparation (which is always wise anyway).

MrsItsNoworNotatAll Wed 25-Nov-15 21:22:16

I for one am very relieved. As I'm sure a lot of people are. Although I know of many that were quite unaware of what was planned.

missymayhemsmum Wed 25-Nov-15 21:28:29

Very relieved, though we can still expect the gap in living standards between lone parent and two parent families to widen over the next few years

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