► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs<br /><br />UK chancellor George Osborne has been rebuffed by the House of Lords over his policy to cut tax credits. The FT’s Lionel Barber and Janan Ganesh discuss the opposition and the constitutional dilemma created by the move.<br /><br />For more video content from the Financial Times, visit http://www.FT.com/video<br /><br /><br />Twitter https://twitter.com/ftvideo<br />Facebook https://www.facebook.com/financialtimes
