Shocking new research by the House of Commons Library shows that Tory changes to tax credits will leave working families on average £1,300 worse off a year. Only a few months after the election, the Tories are breaking their promise to stand up for working people.
Over three million working families will be affected by this cut to tax credits. In Swansea West alone, around 2,900 families will be made worse off. Instead of helping working people, the Tories are pushing through changes which will hit working families in the wallet.
The Tories have not planned any transitional changes to protect affected families. 2.7 million parents with children will be left out of pocket by over £100 every month, and there is a real risk that children will suffer directly as a result of these changes.
Labour is calling on David Cameron to stop the tax credit cut. We need to balance the books, but the way to do that isn’t to make working families worse off.
Send a message to David Cameron by signing our petition.
Labour has launched a campaign to call on David Cameron to stop the tax credit cut.
You can sign the petition at labour.org.uk/taxcredits