George Osborne: Tax credits U-turn not a sign of weakness


Chancellor George Osborne has insisted that his U-turn on tax credits was not a sign of "weakness".

The Chancellor surprised Westminster on Wednesday by ditching the bulk of the controversial cuts to the benefit, which had been due to raise £4.4 billion for the the Treasury from next April.

Mr Osborne - who was forced to rethink his plans after they were rejected by the House of Lords last month - insisted his move was an indication that he was listening to voters' concerns.

"I don't think it's a weakness, if you are doing this job, to listen to people and listen to the concerns that are made," he told ITV1's Good Morning Britain.

Mr Osborne shrugged off suggestions that the Autumn Statement and Spending Review - in which he also announced he was protecting police budgets - amounted to a pitch for the job of Prime Minister.

"This job is absorbing and all-consuming, I'm 100% focused on that," he said. "We have got a very strong Prime Minister in David Cameron... I'm very proud to serve him and to do my best in this job to help working people in this country."

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