Tory tax credit cuts would have devastating impact – Doherty
Sinn Féin MP Pat Doherty has said Tory plans to cut Working and Child Tax Credits would have devastating consequences for local families and the economy.
The West Tyrone MP said;
"The Tories are likely to cut tax credits as part of the further cuts expected in this week's budget.
"The vast majority of people who receive these credits are working families with low incomes which would be yet another example of the Tories targeting the poor.
"Wednesday’s Budget is likely cut tax credits back to 2003 levels, which would result in families seeing a reduction in their income by an average of £1,400 per year.
"In terms of my own constituency of West Tyrone, an average cut of £1,400 per year in the income of the 9,100 families in receipt of Tax Credits would see a reduction of £12,700,000 in the combined income of these families.
"This would not only increase financial hardship to those families but would also have a knock-on impact on the local economy.
"Sinn Féin is engaging intensively with progressive forces both locally and in Britain to build an effective campaign of opposition and to force a change in the trajectory of this Tory policy.”