Osborne’s Tax Credit climb down can’t mask his attack on state spending

by Colin Fox and Sandra Webster
Two features of George Osborne’s Autumn Statement today overshadow all others.
The ‘headline grabber’ will inevitably be the Chancellor’s unexpected climb down over cuts to tax credits. Just as important however is the reduction in the state’s responsibilities – and spending which now accounts for just 35% of total UK income. It was 50% when he...

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