Why did the cost of tax credits go from £1bn in 1999 to £30bn today? – New Statesman

Why did the cost of tax credits go from £1bn in 1999 to £30bn today? – New Statesman
New StatesmanWhy did the cost of tax credits go from £1bn in 1999 to £30bn today?New StatesmanSupporters of the government’s cuts to tax credits claim that the cost has increased beyond expectations. Here’s George Osborne in the summer of 2015:”The original Tax Credit system cost £1.1 billion in its first year. This year, that cost has reached …and more »
Why did the cost of tax credits go from £1bn in 1999 to £30bn today? – New Statesman