Ten Things You Need to Know Today: Tuesday 27 Oct 2015

1. Tax credit cuts: Osborne to 'listen' to Lords

The chancellor has said he will "listen" after the House of Lords blocked some aspects of his plans to cut tax credits to the working poor. The Lords stopped short of rejecting the proposals outright but insisted that they be delayed and that those who lose out must be compensated. Tory MPs have accused the Lords of acting out of turn.

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