In the last few weeks of Parliament, I voted against the Government’s emergency Budget.
Despite the Chancellor’s rhetoric, it is now increasingly clear that this is an unfair and regressive Budget and that it fails to tackle the long-term challenges facing our economy.
The Budget will see 3 million working families lose an average of £1,000 a year through cuts to tax credits – effectively introducing a Work Penalty into the tax credit system. This will also mean that even with a welcome increase in the minimum wage, many low and middle income households will be worse off. Indeed, the independent Institute for Fiscal Studies have concluded that the Budget takes far more from poorer households than richer ones and that ‘unequivocally’ people who are in work and receiving tax credits will lose out on average from this Budget.
For example, a couple on the minimum wage who work full time and have two children will gain approx. £1,500 from the change to the minimum wage but lose over £2,200 next year from the changes to tax credits.
This was a Budget that made the wrong choices for working people and the long-term needs of our economy. As a result, it will be people on middle and low incomes who pay the price.
Since the General Election, I have been trying to secure an office base within the constituency and hopefully the office will be opening soon and telephone numbers etc. will be advertised but in the meantime, anyone needing my help is welcome to attend my advice surgeries being held across the constituency.
This article was originally published by the Merthyr Express and the Rhymney Valley Express. If you have been affected by any of the issues raised or would like to know more, feel free to contact Gerald using the contact tab above.