Peers are now voting on the Hollis amendment. This just beefs up the Meacher delaying amendment, and now seems almost certain to be passed too.
Here is the amendment they have just passed.
to move, as an amendment to the motion in the name of the Lord Privy Seal, to leave out all the words after “that” and insert “this House declines to consider the draft Regulations laid before the House on 7 September until the Government lay a report before the House, detailing their response to the analysis of the draft Regulations by the Institute for Fiscal Studies, and considering possible mitigating action.”
This one does delay implementation of the tax credit cuts until the government has responded to the Institute for Fiscal Studies, and considered “possible mitigating action”. That does not 100% oblige the government to mitigate the effects.
But the Hollis amendment is stronger. It says:
to move, as an amendment to the motion in the name of the Lord Privy Seal, to leave out all the words after “that” and insert “this House declines to consider the draft Regulations laid before the House on 7 September until the Government, (1) following consultation have reported to Parliament a scheme for full transitional protection for a minimum of three years for all low-income families and individuals currently receiving tax credits before 5 April 2016, such transitional protection to be renewable after three years with parliamentary approval, and (2) have laid a report before the House, detailing their response to the analysis of the draft Regulations by the Institute for Fiscal Studies, and considering possible mitigating action.”
Hollis made clear that, by “full transitional protection”, she meant exempting existing claimants from the cuts, at least until they migrate over to universal credit.