Tax Credits

Part of the debate – in the House of Lords at 11:30 am on 11 October 2007.

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Photo of Baroness Hollis of Heigham Baroness Hollis of Heigham Labour 11:30, 11 October 2007

My Lords, is not the problem we are addressing the fact that wages do not reflect family size and family need? Equally, neither do tax bands because of individual disaggregation. That means, therefore, that tax credits uniquely bridge the gap between family size and family income in a way that has transformed—transformed—the life chances of hundreds of thousands of children and thousands of lone parents who, as a result of those tax credits, now see their take-home pay doubled and that work pays.