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Spending Review Result 2015

Spending Review Result 2015

Spending Review Result 2015. George Osborne has unveiled the results of the government’s spending review; here we analyse the key points in 25 main areas.

Tax credits

  • All cuts to tax credits are to be cancelled.

Rowena Mason, political correspondent: Osborne has clearly surprised his MPs by totally abandoning his tax credit changes, which would have cost affected families up to £1,300 each and caused consternation on his own side as well as the opposition. It is a 100% U-turn since his aides were insisting up until recently that he was committed to the cuts in principle. read more

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