Osborne Dealt Blow as Lords Vote to Delay Tax-Credit Cuts

Updated on
  • Upper house backs motion calling for three-year delay to cuts
  • Curbs would cost low-paid families an average of 1,300 pounds

George Osborne, U.K. chancellor of the exchequer, delivers his speech at the Conservative Party's annual conference in Manchester, U.K. on Oct. 5, 2015.

Photographer: Simon Dawson/Bloomberg

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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