Oral Answers to Questions

Debate between Damian Hinds and David T C Davies

Tuesday 21st July 2015 Commons Chamber

[Damian Hinds]

The hon. Lady highlights an important point and agrees, I think, with the analysis of Alistair Darling who said that an unintended consequence of the tax credit system was that it would end up making that subsidy in this way. We are introducing the national living wage. For someone working full-time, that will be worth £5,200 more in cash terms by the end of the Parliament.

[David T. C. Davies (Monmouth) (Con)]

Does my hon. Friend agree that the number of people losing out will be vastly outweighed by that of those who will benefit from the higher minimum wage, the higher tax threshold, and the incentive to be out there looking for work?

[Damian Hinds]

I can confirm that, when we take the fiscal measures of the summer Budget altogether, eight out of 10 families will be better off.