When Lords earn their credit…

I know so many wonderful, smart, hard-working women and men whose households depend on these meagre credits. I’m both glad and surprised that it is the unelected nobility that has sent the message back to George Osborne that the poorest should not have to see the biggest cut in their standard of living to pay for the recklessness of the international banking institutions (for which, some of the smartest, most hard-working and wonderful people I know also work). Question is, will the Conservatives use this defeat as an excuse to cut public services even further, rather than increase the 40% top income tax rate (one of the lowest of the major EU countries), or instead of increasing taxes on second homes and investment properties? I have a feeling we’ll find out soon…



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