Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what impact assessment his Department has made of the effect on working families of (a) reduction in income thresholds and (b) increases in the tax credits taper rate.

The effect on working families of the reduction in income thresholds and increased in the tax credit taper rate should not be considered separately from wider policies in the Budget, such as our commitment to introducing the National Living Wage and increases to the personal tax allowance.

Taking the welfare changes in the Budget together with the record increases in the income tax personal allowance and the introduction of the new National Living Wage, 8 out of 10 working households will be better off in 2017-18.