Steve Reed
Main Page: Steve Reed (Labour (Co-op) - Streatham and Croydon North)Department Debates - View all Steve Reed's debates with the HM Treasury
(10 years ago)
Commons ChamberMy hon. Friend is quite right. The UK is now growing at the fastest rate in the G7 and, indeed, is forecast to grow at the fastest rate in the G20. That is the result of our long-term economic plan—reducing business tax rates in order to get more people into work; more people paying their taxes and more people able to bring home a wage. That long-term economic plan is what is bringing our economy back into growth.
12. How many working people are in receipt of tax credits.
In April 2014 there were 3.3 million people in work receiving tax credits, down from 4.8 million in April 2010.
When it comes to the cost of living, Labour’s great recession is what made the country and the hon. Gentleman’s constituents a whole lot poorer. We now have record levels of employment, including a 9% increase in his constituency. Perhaps he would like to welcome that.