Skip to main content

Work and Pensions Committee examines tax credit reforms

20 October 2015

The Committee holds an urgent evidence session on proposed reforms to the tax credit system. Representatives of respected, independent think tanks that have analysed the plans give evidence.

Witnesses

Monday 26 October 2015, Wilson Room, Portcullis House

At 3.45pm

  • Paul Johnson, Institute for Fiscal Studies
  • William Elming, Institute for Fiscal Studies
  • Torsten Bell, Resolution Foundation
  • Adam Corlett, Resolution Foundation

Purpose of the session

The Committee questions the representatives on the following topics:

  • The impact of the April 2016 tax credit cuts (in isolation and in the context of other welfare measures in the Summer Budget), and the National Living Wage
  • The winners and losers and their characteristics
  • The extent to which the National Living Wage will compensate individuals receiving lower tax credit payments
  • The distributional impact of these measures, individually and combined
  • The scale of the financial gains/losses to households and what influences this
  • The quality of the analysis produced by the Government to support their proposals
  • Other options for achieving savings from the tax credit system that will mitigate the impact on the least well off
  • The implications for work incentives and the Government's wider objectives in welfare reform

Further information

Image: PA