5,000 Wandsworth households face tax credit cuts ‘of £1,300’

Figures obtained by Wandsworth Labour reveal that up to 5,680 local households could lose £1,300 each in Tory cuts to their tax credits.

Wandsworth residents in Roehampton, West Hill, Tooting, Graveney and Latchmere wards are most likely to affected, with over 600 potentially losing out in Roehampton (full figures below).

George Osborne, the chancellor, plans to cut £4.4bn from tax credits. This will mean an average loss of £1,300 a year for households hit by the changes, according to the House of Commons Library.

Tax credits are cash payments to top up the incomes of low-paid workers – there are additional payments for those who have children. Working tax credits was introduced by Labour in 2003.

Sadiq Khan, Tooting MP, said: “Cutting tax credits is a penalty on work. Tax credits exist to support working people on lower and middle incomes – they help make work pay. But instead of prioritising work, the Tories are making thousands of Londoners worse off.”

The Guardian reports that key public sector workers will be hit by Osborne’s plans. A police community support officer (PCSO), on £26,219 a year, would lose £2,500 in 2016 and as much as £2,856 by 2020 due to the changes. A nurse with two children would, on average, lose £1,286 a year by 2020.

Sadiq Khan added: ‘This is a decision by ministers that will hit working Londoners hardest. More than 400,000 working families in London benefit from tax credits. They could see a huge drop in their income from next April – working families will be on average £1,300 a year worse off. Many of these same families are also having to deal with the impact of spiralling housing costs.”

Working Tax Credit Claims by Ward
Ward
Claims
Balham
100
Bedford
180
Earlsfield
241
East Putney
166
Fairfield
137
Furzedown
423
Graveney
489
Latchmere
520
Nightingale
124
Northcote
65
Queenstown
362
Roehampton
603
Shaftesbury
142
Southfields
276
St. Mary’s Park
254
Thamesfield
84
Tooting
480
Wandsworth Common
121
West Hill
534
West Putney
242
Out of Borough
139
Total
5,682

 

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