Stephen Timms – 2015 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Stephen Timms on 2015-10-21.

To ask Mr Chancellor of the Exchequer, what estimate he has made of the likely change to levels of child poverty resulting from reductions in tax credits in 2015-16.

Damian Hinds

The Government is making changes to Tax Credits 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.

We know that work is the best route out of poverty. The intended impact of these reforms is to incentivise work, ensure work always pays, and then allow people to keep more of what they earn.