To: George Osborne and the Treasury
Make the Government Publish a Full Impact Assessment of Tax Credit Cuts
The Government is trying to brush away the negative impact of its tax credit cuts, the Work Penalty, by only setting out analysis of its impact on families already in receipt of tax credits - as opposed to its impact on the whole population. We need George Osborne to come clean about the full impact of the measures in his budget.
Why is this important?
David Cameron pledged before the election that tax credits were "not going to fall". However, George Osborne's welfare reforms have included tax credit cuts that effectively act as a work penalty; punishing hard-working lower-income families.
Both the Treasury select committee and the Work and Pensions select committee have requested a full impact assessment from the Government, yet Cameron and Osborne have attempted to brush the effects of their cuts under the carpet by only setting out the impact on income for families already in receipt of tax credits.
We need analysis of the impact on income that the tax credit cuts will have on the population as a whole, not just those already in receipt of tax credits, so that we can see the true, devastating effects of these welfare reforms.
Both the Treasury select committee and the Work and Pensions select committee have requested a full impact assessment from the Government, yet Cameron and Osborne have attempted to brush the effects of their cuts under the carpet by only setting out the impact on income for families already in receipt of tax credits.
We need analysis of the impact on income that the tax credit cuts will have on the population as a whole, not just those already in receipt of tax credits, so that we can see the true, devastating effects of these welfare reforms.
