Families face tax credit ‘bombshell’
MORE than 200,000 families will lose tax credits worth almost £4,000 a year unless they significantly increase their working hours, a Scots MP has revealed.
Under changes due to come into effect on 6 April, couples with children will have to work a total of 24 hours a week to qualify for working tax credit, rather than 16 hours as at present. Official figures obtained by Labour’s Treasury spokeswoman Cathy Jamieson, above, show that 212,000 households, including 470,000 children, could lose the £3,870-a-year credit.
In a speech to shopworkers’ union Usdaw yesterday, shadow chief secretary to the Treasury Rachel Reeves described it as a “tax credits bombshell”.
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Sunday 27 May 2012
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