Tax Credits

Part of Opposition Day — [7th Allotted Day] – in the House of Commons at 2:48 pm on 20 October 2015.

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Photo of Damian Hinds Damian Hinds The Exchequer Secretary 2:48, 20 October 2015

We are making these necessary changes for the future of all sorts of families, but more than anybody for the sake of our children. The hon. Lady will know that the best way to address poverty is through work, and that is what we have been doing. She will also know the statistics—that where a child is in poverty and a parent moves into work, in 75% of cases they move out of poverty as a result, and that where a parent moves from part-time to full-time work, 75% of children also move out of poverty.

From next April, we will have the national living wage, which by 2020, when it will be worth more than £9 an hour, will mean over £5,000 more in gross full-time pay for someone on the minimum wage today.