PARLIAMENTARY EARLY DAY MOTION
INCOMES OF WORKING FAMILIES AND TAX CREDIT CHANGES (6 September 2015)

That this House notes with grave concern that the Government's changes to tax credits will make many working families on low wages worse off, despite the increase to the National Minimum Wage; observes that the new minimum wage is nowhere near a Living Wage; further observes that under the proposed changes, more than three million families on low incomes will lose more than £1,000 per year, which they simply cannot afford; observes that a family with one earner over the age of 25 on the minimum wage will see its annual income cut by £1,277.50, that couples under 25 will receive a cut of £1,459.50, and that a couple with two children who both work full time will receive a cut of £1,615; believes that these cuts to the income of working families on low wages are unjustifiable, particularly given the cut to the top rate of tax; further notes that employees under 25 will not benefit at all from the increased minimum wage, but will be hit with the full force of cuts to tax credits; calls on the Government to stop its assault on these young workers; expresses very great concern about how working people on low pay will be able to survive financially; anticipates a serious and extremely worrying increase in in-work poverty if these changes to tax credits are pushed through; and calls on the Government to reconsider them as a matter of great urgency.

Sponsored by:
Mr Roger Godsiff (Labour)