IRRV Alert - week ending 6th November 2015
News
Work and Pensions Committee asks for detailed breakdown of tax credit reforms impact on families
Committee asks Chancellor for true picture of tax credit changes
The Chair of the Work and Pensions Committee, Frank Field MP, has written to the Chancellor to ask for a detailed breakdown of the impact on family incomes over the first five years of the proposed changes.
- Read the Chair's letter to George Osborne regarding tax credit analysis (
PDF 185 KB)
- Inquiry: Tax credits reforms
- Work and Pensions Committee
The Committee has asked for a distributional analysis of the combined impact of the changes to tax credits, the Minimum Wage, tax personal allowance and childcare on the 3.2 million families who will be affected.
The vote followed a motion tabled by Frank Field MP, Chair of the Committee, calling on Government to think again before implementing the tax credit changes announced in July. The motion was backed by cross-party Members and passed without opposition.
Chair's comment
Chair of the Committee, Frank Field MP, said:
"The high level of cross-party concern on this issue has become very clear over the past couple of weeks, yet we still have no clear picture of what the net effect of these combined changes will be on the 3.2 million families, many on low incomes, who will be affected. It is impossible for Members to represent the interests of their constituents without this information, and we call on the Government to provide the true picture urgently."