Labour MP, Clive Lewis, has hit out at the government’s plan to cut £4.4billion from tax credits.
This measure, due to be voted on later today, introduces a series of regulations which make three key changes. They seek to lower the level at which Working Tax Credit start to be withdrawn from £6420 to £3850, to increase the taper rate at which tax credits are withdrawn from 41% to 48%; and to reduce the income rise disregard to tax credits. It is believed to affect at least 1.3million working families with 2.4 million children nationally.
Mr Lewis said ‘There are over 12,000 families across Norwich who rely on tax credits in order to put food on their tables and keep a roof over their heads. Overwhelmingly, these are mums and dads in work – often low paid because of stagnant wages and a stunted economy – and today this Tory government has chosen to cause further pain to these families.’
‘While the Labour party set out a vision for a higher wage economy – with a real living wage – so that people are less reliant on tax credits, and a view to take action on high rents which many families are locked into, the Tories instead impose their fifteenth tax credit cut in five years.
I will be voting against these disgraceful cuts on behalf of the thousands of families who continue to suffer under this relentless government.’