Welfare Tax Credits: Preston
(asked on 9th July 2015) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many households in Preston constituency he forecasts will be subject to a reduction in tax credits as a result of changes announced in the Summer Budget 2015; and what estimate he has made of the average such reduction per household.
This information is not available.
Information about the number of benefitting families and average entitlement in the Preston constituency in the tax year 2013-14 can be found in the publication ‘Personal tax credits: Finalised award statistics – geographical statistics 2013-2014’ here:
The Government is making changes to Child Tax Credit and Universal Credit which will help put welfare spending on a more sustainable path. The Government wants to move from a low wage, high tax, high welfare society to a higher wage, lower tax, lower welfare society. That means more emphasis on support to hardworking families on low incomes by reducing income tax through increases in the personal allowance and increasing wages, than on topping up low wages through tax credits.