Owen Smith – 2015 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Owen Smith on 2015-11-05.

To ask Mr Chancellor of the Exchequer, how many people aged 18 to 21 in receipt of housing benefit also received tax credits in the most recent period for which figures are available; and what assessment he has made of the effect on those people of planned reforms to tax credit.

Damian Hinds

The Government is committed to achieving a higher wage, lower tax, lower welfare economy. That means more emphasis on support to working families on low incomes through reducing tax and increasing wages, than on topping up low wages through tax credits.

The Chancellor is listening to concerns raised by colleagues and will announce in his Autumn Statement how he plans to achieve the same goal of reforming tax credits and saving the money we need to secure our economy, while at the same time helping in the transition.