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Review of Lords confirmed in wake of tax credit defeat

A review into how MPs can be given the "decisive role" over key financial decisions has been set up following the Government's humiliating Lords defeat over plans to cut tax credits.

Chancellor George Osborne has insisted he will press ahead with changes to reduce the welfare bill, despite the double defeat in the House of Lords.

David Cameron ordered a "rapid review" of the relationship between the two Houses of Parliament which will be chaired by former Lords leader Lord Strathclyde.

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'Worst thing you could do for families is have unlimited welfare'

Chancellor George Osborne has defended his plans to push on with plans to reform tax credits despite opposition, saying the "worst thing you could do for families is have unlimited welfare".

Osborne whose welfare reform plans were defeated in the House of Lords on Monday night said the bedrock of economic security was a "country that lives within its means".

He said: "The worst thing you could do for families is have unlimited welfare because we know where that leads, that leads to job losses and no economic security for families at all."

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Review of Lords confirmed in wake of tax credit defeat

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