UK Parliament / Open data

Budget Resolutions and Economic Situation

I will not give way because Conservative Members are not being reasonable and letting me make progress with my speech.

The impact of the work penalty in the tax credits system should have been set out at the election. A lone parent with two children working 16 hours a week on the minimum wage would gain just over £400 from the

move to the new national living wage, as the Chancellor calls it, but would lose twice that—£860—from the change to tax credits next year. A couple on the minimum wage who work full time and have two children will gain £1,500 from the change to the minimum wage but lose over £2,200 next year from the changes to tax credits. As the Government were hitting the low-paid, the Secretary of State for Work and Pensions was punching the air. Working families did not vote for that, and they will not be fooled by the Chancellor’s hollow words.

Type
Proceeding contribution
Reference
598 cc477-8 
Session
2015-16
Chamber / Committee
House of Commons chamber
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