At Treasury Questions this afternoon, Ed Balls said:
“We will look at the legislation but if [Osborne] intends to go ahead with such an unfair hit on middle and lower income working families while he is giving a £3 billion top rate tax cut we will oppose it. Why is he making striving working families pay the price for his economic failure?”
So unless Osborne drops the top rate tax cut (which seems unlikely), Labour will be opposing tax credit and benefit cuts.
More from LabourList
What were the best political books Labour MPs read in 2024?
‘The Christian Left boasts a successful past – but does it have a future?’
The King’s Speech quiz 2024: How well do you know the bills Labour put forward?