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Review of Lords confirmed in wake of tax credit defeat

A review into how MPs can be given the "decisive role" over key financial decisions has been set up following the Government's humiliating Lords defeat over plans to cut tax credits.

Chancellor George Osborne has insisted he will press ahead with changes to reduce the welfare bill, despite the double defeat in the House of Lords.

David Cameron ordered a "rapid review" of the relationship between the two Houses of Parliament which will be chaired by former Lords leader Lord Strathclyde.

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Chancellor defiant over Lords tax credit defeat

George Osborne remains adamant that his proposals for tax credit reform will go ahead, despite his initial plans being defeated by a vote in the House of Lords yesterday.

ITV News Deputy Political Editor Chris Ship has more:

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