It’s looking bad for the 71 Conservative MPs whose marginal seats may be in danger as a result of the attack on low-income earners that George Osborne’s tax credits cut represents.
Osborne won’t back down because he says £15 billion of spending cuts would have to be found elsewhere, otherwise.
The elephant in this particular room is the fact that tax credits are a supplement to the earnings of people who are deemed by the government not to be receiving enough from their employers.
The logical answer is to insist that those employers who are profiting hugely from depriving their workers of a living wage should rectify the situation at once. That would cut the tax credits bill massively.
Those employers who are unable to provide such security to their workforce (perhaps because their finances won’t be able to cover the cost) should be provided with information, advice and support to ensure that they grow into a position where they can raise wages.
It isn’t rocket science.
The sticking-point is the fact that the Conservative Government actively – avidly! – supports the impoverishment of working people. The fact that wages were reduced beyond the point at which they failed to cover workers’ outgoings under successive right-wing governments is a clear indication of this.
So 71 Tory MPs will be sent to the wolves in 2020. Alternatively, they may find their seats cut out from under them in any case, as the Conservative Government is working hard on gerrymandering constituency boundaries. Obviously, marginal Tory constituencies are likely to be dissolved to make way for safe Tory seats in the change, that will cut the number of constituencies from 650 to 600.
The moral of the story?
Tories will even harm their own people, in their rush to take money and power from anybody else and hoard it for themselves.
George Osborne has fended off Conservative MPs anxious at proposed cuts to tax credits at a private meeting of party’s 1922 backbench committee, by insisting the changes have to go ahead and warning that if he had not acted then £15bn worth of spending cuts would have to be found elsewhere.
In a Treasury analysis released to coincide with the backbenchers’ meeting, the government said if it had not acted, spending on tax credits would have risen to £40bn by 2016-17, a £10bn rise from 2010-11 and £15bn lower than now forecast as a result of the cuts being introduced by Osborne in the summer budget.
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