working tax credit

  • Tax credits calamity hammers 200,000 families and harms the economy

    May 8, 2012
    press release

    New figures today, published by HMRC, show that over 200,000 families will be losing their entire working tax credit support, worth £3,870, from 6 April 2012. The Chief Executive of Child Poverty Action Group, Alison Garnham, said:

    “This is an absolute calamity that plunges nearly half a million children deep below the poverty line. Many of these parents will now have less money in work than if they just claimed benefits. It runs directly against the consensus on the importance of making work pay and the government’s duties on child poverty.

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