Tax Credits Debate

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Department: HM Treasury

Tax Credits

Naz Shah Excerpts
Tuesday 20th October 2015

(8 years, 6 months ago)

Commons Chamber
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Damian Hinds Portrait Damian Hinds
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We believe in taking people out of tax, where possible, and enabling them to keep more of the money they have earned.

Naz Shah Portrait Naz Shah (Bradford West) (Lab)
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In my constituency, more than 31,000 children will be affected by these tax credit changes. How many more children will the Minister’s cuts push into poverty?

Damian Hinds Portrait Damian Hinds
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We are making these necessary changes for the future of all sorts of families, but more than anybody for the sake of our children. The hon. Lady will know that the best way to address poverty is through work, and that is what we have been doing. She will also know the statistics—that where a child is in poverty and a parent moves into work, in 75% of cases they move out of poverty as a result, and that where a parent moves from part-time to full-time work, 75% of children also move out of poverty.

From next April, we will have the national living wage, which by 2020, when it will be worth more than £9 an hour, will mean over £5,000 more in gross full-time pay for someone on the minimum wage today.