Social Security Benefits

(asked on 16th July 2015) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, how many claimants will receive a net reduction in (a) tax credits, (b) disability living allowance and (c) housing support as a result of measures in the 2015 Summer Budget.


Answered by
Damian Hinds Portrait
Damian Hinds
This question was answered on 21st July 2015

The Government is making changes to Tax Credits and Universal Credit which will help put welfare spending on a more sustainable path. 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.

HMT has published distributional analysis information on the impact of the Summer Budget 2015 which includes the effect of tax credit and other welfare measures on households. This information can be found here:

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/443229/PU1822_Distributional_Analysis.pdf

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