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February 12th, 2012 
FAKE NEWS for the Zionist agenda - Changes will mean ‘going out to work makes no sense’ for some couples
- Measure will hit parents in the ‘squeezed middle’
By
Daily Mail Reporter
Last updated at 7:52 PM on 11th February 2012
Rachel Reeves, the shadow Chief Secretary to the Treasury minister, will today claim the changes will mean ‘going out to work makes no sense’
Changes to tax credit will mean ‘going out to work makes no sense’ for some couples, Rachel Reeves, the shadow Chief Secretary to the Treasury minister, will say in a speech today.
More than 200,000 families will lose tax credits worth almost £4,000 a year unless they significantly increase their working hours, according to figures highlighted by Labour today.
Under changes due to come into effect on April 6, 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.
In a speech to shopworkers’ union Usdaw
today, Ms Reeves will
describe it as a ‘tax credits bombshell’ which will hit ‘parents in the
squeezed middle who are working and trying to do the right thing,’ according to the Telegraph.
Ms Reeves is expected to say: ‘In this climate, very few people in
part-time work will find be able to increase their hours by up to 50 per
cent,’ she will say. ‘This tax credits bombshell is now just a few
weeks away. For thousands of families it means going out to work won’t
pay and they’ll be better off on benefits.That makes no economic sense
at all.The government urgently needs to think again.’
At present, anyone responsible for at least one child and working at least 16 hours a week can get Working Tax Credit.
From April, some families will lose tax credits worth almost £4,000 a year
But from April, couples will be eligible
for the credit only if their combined working week amounts to more than
24 hours, with one partner working 16 hours or more. The change will
not apply to over-60s, the disabled or couples where one partner is ill,
in hospital or in prison.
Official figures obtained by Labour’s
Treasury spokeswoman Cathy Jamieson showed that 212,000 households,
including 470,000 children, could lose the £3,870-a-year credit as a
result of the change.
Figures compiled by the House of Commons Library show that the region with the most households likely to be affected is London (46,205, including 111,190 children) followed by the North West (26,845), West Midlands (22,675) and Yorkshire and the Humber (20,225).
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