Treasury forced to admit millions worse off

Sunday, October 18th, 2015

Treasury Admits Tory Tax Credit cuts will not just hit poor families families

“The Resolution Foundation analysed the impact of all benefit, tax and minimum wage changes and said poverty would dramatically increase despite the mandatory National Living Wage.

Responding to the report, a Treasury spokesperson said: “Our welfare reforms are fair and necessary, and will take tax credit spending back only to 2008 levels, with most working households better off once all welfare reforms have come into force by 2017.”


The Independent


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