20,000 families in Bristol will lose out under Conservative plans to cut tax credits.
Figures produced by the House of Commons Library show over three million low-income working families currently in receipt of tax credits will see their entitlement reduced, as part of the Government’s proposals.
The change will mean a total loss of £22,725,000 to families in the city, with the average family losing £750 a year.
Despite claims from the Conservatives that those affected will benefit from plans to increase the minimum wage, the independent Institute for Fiscal Studies has said Tory figures don’t stack up.
IFS analysis shows a £750 average loss will only be offset by £200 as a result of the new minimum wage.
Liberal Democrats have opposed the move and said it undermines the work of the Coalition Government to make sure it always pays more to be in work than on benefits.
Liberal Democrat mayoral candidate Kay Barnard said:
“I am standing to be the next Mayor of Bristol because I want to make Bristol inclusive for all. If elected I will provide a programme of cross-cultural activities for children through the schools and youth services, but these changes to tax credits will hammer families in Bristol. The move completely undermines any claim the Tories have of being on the side of working families.
“What makes this even worse is that 30,700 children in Bristol will now be forced to live in poorer households, reducing their life chances and making it harder for their parents to make ends meet.
“Study after study have shown that the Conservative’s claim to be supporting low income families through a minimum wage increase nowhere near make up for these cuts. It’s time for them to come clean and be honest with those doing the right thing and going out to work.
“Here in Bristol the Lib Dems are listening to the concerns of all communities and families and we have a plan in place to make the city fairer.”
Liberal Democrat Council Group leader, Gary Hopkins, added:
“People are starting to see the difference that it makes without the Lib Dems to provide a brake on the more extreme Tories, as they start to introduce policies previously vetoed by the coalition government.”
To join the fight against these changes, visit http://www.libdems.org.uk/join