Business as usual for Gideon and chums

Posted on November 25, 2015by sandrassp I have to give Gideon Osbourne credit where it is due. He is a master of the alchemy of economics. We expected today that more austerity would be piled on top of us, instead out of the cauldron he announced that the tax credit cuts were cancelled. Good news, but the reality is it is just business as usual. The tax credits cuts may be cancelled but that was going to happen anyway as the behemoth of Universal Credit rolls in by 2020. Gideon says there will still be cuts of 12 billion in …