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25 May 21
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.
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2 Nov 18
HM Revenue and Customs is struggling to control tax credit fraud and the “cracks are showing”, MPs have said.
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6 Apr 17
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...
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4 Dec 15
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.
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17 Nov 15
Institute for Fiscal Studies director Paul Johnson talks to Public Finance about tax credits, troublesome peers and the chancellor’s tough choices
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11 Nov 15
MPs have called on the government to pause planned tax credit cuts to allow for development of a more thorough reform to the system.
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9 Nov 15
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...
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2 Nov 15
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,...
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27 Oct 15
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...
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20 Oct 15
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.
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16 Jul 15
Almost two-thirds of children living in poverty are in households where someone works, analysis by the Institute for Fiscal Studies has found.
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22 Jun 15
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.