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Obviously, I accept we are making changes to tax credits.
The majority of those affected by his changes to tax credits are in work.
Osborne told MPs: "I've had representations that these changes to tax credits should be phased in.
It is a posh way of describing changes to tax and public spending.
But the lone parent would lose £860 a year in the changes to tax credits.
However, in some cases the proposed changes to tax credits will mean their total income drops.
Still, a major discussion of changes to tax policy this year would be healthy.
"I've had representations that these changes to tax credits should be phased in.
In wide-ranging testimony, he also denied claims that changes to tax credits would undermine his flagship universal credit initiative.
This could include a whole new cohort of households affected by changes to tax credits over the next few years".
Since Dotas was introduced in 2004, the tax authorities have initiated dozens of changes to tax law.
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