Why the tax credit cuts had to go

In the peroration of his statement today, George Osborne declared that the Tories were ‘the mainstream representatives of the working people of Britain.’ This is how he wants to position the Tories and it is why the tax credit changes had to go: they were getting in the way of the Tory attempt to rebrand themselves as the workers’ party.

By ditching the tax credit changes, the Tories can now return to this theme—and can try and gain maximum political benefit from the national living wage. Osborne believes that with Jeremy Corbyn / John McDonnell leading the Labour party, the Tories have a real opportunity to pick up support from low income voters who wouldn’t normally have thought of voting for the Tories.

Police cuts were taken off the table because they threatened the Tory attempt to portray themselves as the security party.