Skip to content
Sunday 30 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,824.26
+0.29%
DAX
26,569.99
+0.77%
CAC 40
8,401.18
+0.98%
STOXX 50
6,485.67
+0.95%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Monday 26 October 2015 2:21 pm

Tax credit changes: the four ways the House of Lords could vote today

By: Lauren Fedor

Add as a preferred source on Google

The government's plans to cut tax credits will face their fiercest opposition yet today as peers consider killing the reforms.

The House of Lords is set to debate and vote on four amendments this afternoon to the proposed cuts to in-work benefits, including ­a “fatal motion” which could stop the cuts altogether but trigger a constitutional crisis over peers' influence.

The other three are:

  • An amendment put forward by Baroness Meacher, seeks to prevent consideration of the bill until a report has been published considering the Institute for Fiscal Studies (IFS) analysis of the impact of the cuts.
  • A different proposal, put forward by Labour peer Baroness Hollis, looks to delay the implementation of tax credit cuts until there is "full transitional protection for a minimum of three years" for those who currently receive tax credits.
  • And the final amendment, put forward by the bishop of Portsmouth, is a so-called motion of regret, which would call on the government to consult further on the cuts but would not stop them from going into effect.

The government has come under mounting pressure from both the right and the left to U-turn on the proposals, or at the very least introduce additional measures to mitigate the effects of the cuts, which new analysis out this morning says would leave two-thirds of working tax credit recipients worse off.

Cabinet minister Matthew Hancock seemed to indicate that the government would soften the blow of the cuts, telling Radio 4 this morning that chancellor George Osborne is "very much in listening mode".

The Prime Minister's spokeswoman, however, said this morning: "The policy is the policy and it is not going to change".

But she left the door open to possible further policy changes in the Autumn Statement later this year, saying: "The point that we are making is that the chancellor has a track record of delivering budgets that back working people and that benefit working people and we will be a government that continues to pursue that approach."

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Politics

Trending Articles

  • Pensioners to hand over bank statements in government benefits crackdown

  • Jamie Carragher: HMRC petitions for Sky Sports star to be declared bankrupt

  • Jamie Vardy bags Bundesliga rights as he steps up streaming war with Neville and Lineker

  • City firms mandate phone and face-to-face comms bootcamps for Gen Z lawyers

  • Brewdog founder James Watt hits out at ‘total silence’ over new venture

More from Morning Wire

  • Rupert Lowe axes pensions triple lock and pledges tax cuts in economic plan

    Politics
    Rupert Lowe, former Southampton FC chairman, smiles while holding files on a city street, wearing a suit and pink tie
  • Cleverly announces bid to run for London mayor

    Politics
    James Cleverly has topped the latest MP ballot to take over as Tory leader, with rival candidate Tom Tugendhat being eliminated from the race.
  • Vistry shares slide after Allianz ‘cuts insurance cover’

    Property
    Vistry said the outcome of the government's spending review and a "recovery in consumer confidence" would prove pivotal.
  • Lammy’s cohabitation rules threaten unmarried couples with ‘horrendous’ court costs

    Legal
    Foreign Secretary David Lammy is set to hold talks with officials about Iran and Israel.
  • Treasury ‘tells Healey’ to consider tax on banks and oil

    Politics
    Chancellor John Healey smiling, wearing a navy suit, white shirt, and red tie.
  • Ten bold ideas to fire up the British economy

    Economics
    Morning Wire
  • Vibes matter with tax, so here’s how Healey can deliver a feel-good Budget

    Opinion
    Chancellor John Healey smiling, wearing a navy suit, white shirt, and red tie.
  • 22 months of cuts: Jobs crisis deepens despite growth boost 

    Economics
    London has defied national trends as job postings in the capital rose.
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook