Chambers of Commerce and Institute of Directors oppose reductions in tax credits

Business groups reject PM’s plan to replace tax credits with higher pay

Article in the Guardian covering the responses of the Chambers of Commerce and Institute of Directors to David Cameron’s ‘plan’ to replace in-work tax credits with higher wages.
Industry organisations, including the British Chamber of Commerce (BCC) and Institute of Directors (IoD), spoke out after Cameron gave a speech criticising what he claimed was a “welfare merry-go-round” and suggested higher pay should replace tax credits.

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