Child Tax Credit

Treasury written question – answered on 24th November 2010.

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Photo of David Laws David Laws Liberal Democrat, Yeovil

To ask the Chancellor of the Exchequer what assessment he has made of the effect of child tax credit on work incentives; and if he will make a statement.

Photo of Justine Greening Justine Greening The Economic Secretary to the Treasury

It is the impact of the tax and benefit system as a whole that is important for work incentives, rather than particular aspects of the system in isolation, such as child tax credit.

The new universal credit, introduced over two Parliaments, will replace the current complex system of means-tested working-age benefits with a simple streamlined payment. The universal credit will improve financial work incentives by ensuring that support is reduced at a consistent and managed rate as people return to work and increase their working hours and earnings.

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