Monday, March 12, 2012

Tory/Lib Dem government make it tougher for working families in Yardley

Thanks to the Tory/Liberal Democrat government, 850 low income families in this constituency would actually be better off if they left their jobs and went onto benefits.

Working Tax Credit is currently paid to those who work at least 16 hours a week, but from April that will be raised to 24 hours, with one member having to work at least 16 hours. This means that a two child family with one member working for 16 hours a week on the minimum wage - hardly a life of luxury - will face a whopping cut in income of £73 a week, £14 less than they would get on benefits.

The Liberal Democrats are feeling satisfied with themselves because they plan to raise the income tax threshold - but not yet - and put £60 a month back into your pocket. That's a drop in the ocean compared to the £292 a month some families will lose within a few days.

We should be encouraging people into work - even for a few hours a week - not punishing them.

At the other end of the scale, we have them restricting aspiration by taking away child benefit for those who have a single earner on 40% tax, so families with a single earner on £44,000 annual income lose out, but families with two earners on £41,000 each can bring in £82,000 and keep the child benefit. That is simply unfair.

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