Chancellor George Osborne defends tax credit cuts

George Osborne has defended his plans to cut tax credits, insisting that many working families will be "better off" - despite warnings from his own party and research that millions will be worse off under the policy.

New analysis claims that two-in-five families with children will be "significantly" worse off; many family budgets could lose £3,000 a year or roughly 10% of their income.

ITV's Good Morning Britain spoke with single mother Becca Baker who relies on working tax credits to get by. Under the new rules she would be £1,300-a-year worse off - money that goes towards her children or rent and bills.

Speaking on the programme , The Chancellor responded to the claims, saying: