Poor Families (Tax)

Part of Oral Answers to Questions — Treasury – in the House of Commons at 11:30 am on 10th May 2001.

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Photo of Stephen Timms Stephen Timms The Financial Secretary to the Treasury 11:30 am, 10th May 2001

No, less well-off families are much better off, as independent research by the Institute for Fiscal Studies shows. Of course, the data to which the hon. Gentleman referred include only about a quarter of a year's worth of working families tax credit data and do not include subsequent increases in income support child credits and other improvements. He needs to explain to his constituents the fact that our measures will have taken 1.2 million children out of poverty during the course of this Parliament. There have been huge improvements, particularly for the least well-off families.