Do a U-turn on tax credits, George Osborne – or you’ll never be prime minister

[TykeMerc]

Very thoughtful, you sound very proud of your son; good luck with the PhD, they are not easy...

He's one of three, they're all following their own paths and earning their own way. They don't bleat about how the world owes them anything, even the youngest who was utterly bone idle his entire life now works hard at his apprenticeship as he likes the work and the lads and his boss. He will have no great hassle with the PhD as he's got practical experience in the field of research, although weirdly he will be a Doctor of Engineering (mechanical) after it despite being a Biologist and having no idea how to hold a spanner.

It's not about being thoughtful, it was common sense, the same way my sons Father in Law will do some refurb work on the house they're buying as he's a builder, I had the funds to hand to move things along, if I hadn't then they would have rented somewhere near where they're buying for a few more years. Nothing laudable or special about it.

[AtW]

"By custom and practice, the peers do not challenge financial measures, but Farron has been arguing that the specific tax credits measure was not in the Conservative party manifesto and was even specifically denied by David Cameron in a leaders’ TV election debate, after the Guardian revealed a document leaked by the Lib Dems showing that the government had been considering cuts to tax credits."

Government facing defeat in Lords over tax credits | Politics | The Guardian

What about dividend tax credit removal???

[OwlHoot]

Low interest rates means low unemployment ..

until the current deflationary spiral starts increasing corporate failures and consequently unemployment.

.. and no-one defaulting on their mortgage.

see above