The Institute for Fiscal Studies (IFS) today say that the Conservatives’ manifesto is “incomplete at best and misleading at worst” on the issue of tax credit cuts and that, including some of the election giveaways that the Conservatives have still not set out proper funding plans for, the Conservatives’ tax and benefit policies are “regressive” overall.
Yvette Cooper, Labour’s Work and Pensions Secretary, responding to David Cameron’s speech this morning and the IFS’s criticism of Tory policy on tax credits, said:
“David Cameron talks down Britain by claiming we are broken – but how would cutting child tax credits help society?
“Today an independent analysis has said that his policy on tax credits is ‘incomplete at best and misleading at worst’.
“The Tories have been caught out trying to claim that their tax credit cuts wouldn’t be painful, but the fact is that their plans would hit families up and down the country hard.”
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