POLITICS

Tax Credits: 8 Of George Osborne's 'Friends' Who Now Oppose His Welfare Crackdown

11/11/2015 12:12 GMT | Updated 25/11/2015 07:59 GMT
PAUL ELLIS via Getty Images
British Chancellor of the Exchequer George Osborne delivers his keynote address to delegates on the second day of the annual Conservative party conference in Manchester, north west England, on October 5, 2015. AFP PHOTO / PAUL ELLIS (Photo credit should read PAUL ELLIS/AFP/Getty Images)

George Osborne's controversial plan to slash tax credits for working families has been criticised by a committee of MPs that includes six Conservative MPs.

The "emergency" intervention by the Work and Pensions Select Committee, which called on the Chancellor to pause the crackdown for a year, represents the latest opposition from those normally supportive of him.

Tory MPs, right-leaning commentators and The Sun newspaper are among the "critical friends". He has pledged to announce details of a U-turn at the autumn statement this month against being labelled "downright stupid".

George Osborne's Tax Credits 'Critical Friends'

TAX CREDITS: THE IMPACT

Tax credits are welfare payments to families raising children and working people on low incomes.

More than three million families will lose an average of £1,300 a year from April

The cuts will deliver £4.4bn of the Chancellor’s planned welfare cuts by reducing the earnings level at which tax credits start to be withdrawn from £6,420 to £3,850.

The Government says eight out of 10 would be "better off" overall from a package which also includes increases in the minimum wage for over-25s, rises in the income tax threshold and extended free childcare.