tax credits and queens speech ?

Didn't the conservatives say over 50K? Also, some people get alot more than the basic if they have several children. People come to rely on it, suddenly scrapping it seems abit harsh. Surely they could reduce it gradually? I know IDS was talking about scrapping them from £30K and Clegg from £24K. Alot of people on those incomes are struggling and not 'high earners'.

This will be covered in the budget I would think

There was only one mention of the welfare system

"Welfare Reform Bill. Will create a single welfare-to-work programme and make benefit payments more conditional on willingness to accept work. Benefit changes will be UK-wide, but will need parallel legislation in Northern Ireland, where it is devolved.

Other measures will be implemented via secondary legislation, included in future draft bills or remain commitments at this stage."

The LD policy prior to the election was to lower the ceiling for tax credits to £31k. However, CTC works on net income i.e. what's left after paying for registered childcare. Those with incomes between £31 - £50k only receive about £500 a year as it stands and, if that were to go, there could be an increase in personal allowances and a reintroduction of married couples' allowances to make up some of the shortfall. People on lower incomes would be protected or even get a better deal. Tax Credit changes would most likely come into effect next April, so people would have some time to re-budget.