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To the point...

Our weekly columnist Beatrix Campbell says the tax credit crisis could force the Government to rethink childcare funding There is only one honourable way for the Government to face the tax credit clawback crisis: it must not only put up its hands and say sorry, but it must also write off the debt. It should treat the problem as a domestic equivalent of Third World debt - a burden to be borne not by the poor, but by the creator of the debt (see News, page 4).

There is only one honourable way for the Government to face the tax credit clawback crisis: it must not only put up its hands and say sorry, but it must also write off the debt. It should treat the problem as a domestic equivalent of Third World debt - a burden to be borne not by the poor, but by the creator of the debt (see News, page 4).

This crisis has been created by the Government itself. Its grandiosity encouraged the vain belief that it could deliver a gothic financial and administrative project, and at the same time shed financial and administrative staff from the public sector.

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