The Tory Tax Credit Cut will hit families in the wallet. The Tories have broken their promise to stand up for working families with a plan to change tax credits, which will leave working families £1,300 a year worse off.
The changes will affect three million working families. In the North East and Cumbria alone, around 136,400 working families with children will be affected. Instead of helping working people, the Tories are pushing through changes which will hit working families hard.
Tax Credits are designed to ensure that work pays. Cutting them undermines the value of work, and means penalising those who work hard day after day just to get by.
The Tories have not planned any help to protect affected families. Nearly three million families with children across the country will be left out of pocket, and there is a real risk that children will suffer directly as a result of these changes. In our region, 247,200 children could see their mam and dad’s income cut.
Labour has launched a campaign to call on David Cameron to stop the tax credit cut.
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