Tax Credits were introduced by the Labour Party to support families in work. For many low income families in my constituency, they have been the thin line between security and poverty.
However, the Tories’ cuts puts thousands of people in this area, and millions across the UK, at real risk of financial hardship. It is estimated that 58% of families in my constituency receive tax credits; who will be pushed further towards the breadline.
In addition, it is inevitable that these cuts will increase child poverty. Around 63% of children in Hemsworth are in families that receive tax credits. I’ve spoken to many parents in my constituency who tell me they do not know how they will be able to afford the bills if the Tories go ahead with their cuts.
Despite Cameron’s claims that the living wage will offset these cuts, the Institute of Fiscal Studies has produced a report which indicates the average family will overall be around £1,300 a year worse off.
This is the politics of planned poverty and food banks. We must not accept this injustice and that is why I am launching a campaign in Hemsworth to call on David Cameron to stop the tax credit cut.
I urge you to sign our petition at www.labour.org.uk/taxcredits and get involved with our campaigning.