Tory MPs Lay Into Osborne's Tax Credit Cuts

The Chancellor has gone on the offensive over his plans to cut tax credits, claiming it would cost tax payers £40bn by next year without the proposed changes. It follows increasing concern among Conservative MPs about the impact of the cuts on working families. The Chancellor was questioned about the plans during a meeting of the 1922 Committee of Conservative backbenchers on Monday night as Tories broke cover to criticise the policy.