Osborne Dealt Blow as Lords Vote to Delay Tax-Credit CutsBy and
Upper house backs motion calling for three-year delay to cuts
Curbs would cost low-paid families an average of 1,300 pounds
U.K. Chancellor of the Exchequer George Osborne suffered his first major setback since the general election after the unelected House of Lords voted to block his cuts to payments for low-wage families, provoking a constitutional dispute and forcing him to suggest he may soften the measures next month.
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