Cuts to Tax Credits

Cuts to Tax Credits

Tomorrow night I will stand up for working Londoners by voting against the Government’s cuts to tax credits.

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 £1300 a year worse off. Many of these same families are also having to deal with the impact of spiralling housing costs in London and the Tories’ upcoming housing bill will only make the affordability crisis worse.  

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.

My opponent Zac Goldsmith has so far voted for these changes – on two separate occasions this summer. This weekend he signalled for the first time that he has concerns about the impact of cuts to tax credits on working Londoners – concerns he did not raise previously when he had the chance. Far from opposing the tax credit cuts outright, Goldsmith has called them 'necessary' and explained that he merely thinks they should now be 'phased'.

I now challenge Mr Goldsmith to prove he can stand up for Londoners by joining me in voting against the Government on cuts to tax credits.

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