The UK’s “de facto” flagship industrial policy “appears to have completely failed” to encourage research and development spending, a group of Cambridge academics have found.
The contract between HM Revenue & Customs and business services firm Concentrix to investigate tax credit awards was a “catastrophic failure” and lessons need to be learned, MPs on...
Labour has said that cuts to benefit entitlements being introduced through Universal Credit mean controversial tax credit reductions have been “rebranded” by the government rather than reversed.
The 2015 Scotland Bill, encompassing the Smith Commission plans for enhanced devolution, completes its Commons passage today, intensifying pressure on Scottish ministers to spell out how they will...
Work and pensions committee chair Frank Field has written to chancellor George Osborne to urge him to publish a five-year impact assessment of the government’s proposed tax credit changes,...
Chancellor George Osborne has said the Treasury will look at ways of compensating people who are set to lose out through tax credit changes after the House of Lords yesterday voted to stall the...
The Treasury has defended controversial proposals to further cut spending on tax credits, saying reforms introduced since 2010 are projected to save £15bn by 2016/17.
David Cameron has today pledged to end the “merry-go-round” of low-paid workers having their wages taxed but then receiving in-work benefits such as tax credits.
