Ian Duncan Smith has raised the alarm on tax credits. For many of us this is not exactly news but it is important to spread the word about how it was administered so terribly. I know several people who were overpaid by thousands of pounds and no doubt many of you readers have clients who arrnaged their affairs through their own companies to take advantage of the rules - I do believe they call it a loophole . Perfectly legal of course. Makes one wonder how many of the people displaying righteous indignation over the Starbucks affair were screwing the tax credits.
Anyway, enough digression - the point I wished to make in today's blog is that IDS hasmissed out the crucial missing link in his assessment of the system. Have you got it yet ? The Labour administration bribed a huge swathe of the electorate by dishing out tax credits like confetti. Clever isn't it ?