A 3rd chance for Tax Credits
It was announced today that for the second year running there has been an overpayment in the Chancellor's pet project – the tax credit – by £2 billion. The Treasury said that about £1 billion of this would have to be written off as they could not claw it back from the poor families it was given two in error. Again the usual government press release was put out: it has made a real difference to real people but we must do better…
Will it be third time lucky or will we hear the government's stock reply again?