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Working Families Tax Credit (Threshold)

Treasury written question – answered on 11th July 2001.

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Photo of Karen Buck Karen Buck Labour, Regent's Park and Kensington North

To ask the Chancellor of the Exchequer if he will estimate the cost of increasing the threshold level of income at which Working Families Tax Credit starts to be withdrawn to (a) £120, (b) £150 and (c) £200.

Photo of Dawn Primarolo Dawn Primarolo Paymaster General (HM Treasury)

The estimated annual costs are (a) £0.7 billion, (b) £1.3 billion and (c) £2.5 billion.

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