Tax Credits Debate

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Department: HM Treasury
Tuesday 15th September 2015

(9 years, 2 months ago)

Commons Chamber
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Seema Malhotra Portrait Seema Malhotra
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My hon. Friend is absolutely right. It is indeed shameful that we are seeing a cut in the incomes of the poorest people in our constituencies.

Andrew Gwynne Portrait Andrew Gwynne (Denton and Reddish) (Lab)
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Will my hon. Friend give way?

Seema Malhotra Portrait Seema Malhotra
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I will in a moment.

This measure will attack families in which people are working hard to do the right thing and to achieve what we all want to see: a higher-wage economy in which people are less reliant on tax credits to make ends meet. What is before us today must be called out for what it is. According to the Office for Budget Responsibility, it amounts to what will be a cut of more than £3.4 billion annually by 2020—a cut that the Government have sought to slip through without even having the courage to carry out an impact assessment.

Andrew Gwynne Portrait Andrew Gwynne
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I welcome my hon. Friend to her new position. I am very pleased that we are taking such a strong stance on tax credits. After the Prime Minister said that he would not cut tax credits, we are seeing the most pernicious and unfair cut imposed on some of the poorest people in society. Is that not why it is right for us to stand up for them today?

Seema Malhotra Portrait Seema Malhotra
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My hon. Friend is entirely right. We are standing up for families who are doing the right thing: going out, working hard and trying to support themselves and their children.