Universal Credit slammed again
IFS research finds that the government’s flagship social security scheme will leave working families worse off
working families
Experts think George Osborne is wrong on the impact of slashing tax credits
The IFS has called the chancellor’s optimism ‘arithmetically impossible’
The Tories don’t want to make work pay. They want to make working families pay
David Cameron doesn’t have the first idea how to lead a workers’ party
Tax credit cuts mean working families are worse off
Nicola Smith takes the Treasury and the coalition government to task for tax changes that will hurt working families.
Cable is wrong: Working families will be worse off after tax credit changes
While recent announcements have led to increases in the child element, they have also led to significant cuts in the basic element, 30 hour element and childcare elements as well increasing the rate at which tax credit awards fall in relation to rising household incomes. In contrast to the business secretary’s claim, the reality for many working families (particularly those with childcare costs) is therefore that the total impact of these changes means they will receive far less now than they would do if current policy remained in place.