Welfare Tax Credits: Families

HM Treasury written question – answered on 2nd November 2015.

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Photo of Jamie Reed Jamie Reed Labour, Copeland

To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 22 October 2015 to Question 12348, what estimate he has made of the number of families whose income will reduce as a result of the proposed changes to tax credits.

Photo of Damian Hinds Damian Hinds The Exchequer Secretary

No such estimate has been made.

This Government is committed to moving from a high welfare, high tax, low wage economy to a lower welfare, lower tax, higher wage society. As the Chancellor has made clear, the Government will set out at Autumn Statement how we plan to achieve the same goal of reforming tax credits, saving the money we need to save to secure our economy, while at the same time helping in the transition.

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