Skip to main content

Oral question asked in the House of Commons, by Tony Lloyd (Labour). It was answered by Stephen Timms (Labour) on Tuesday, 16 March 2010 on behalf of the Treasury.


Tax Credits

Question
What recent assessment he has made of the effect on the economy of the operation of tax credits.
Answer

Tax credits have supported the economy in the downturn, responding quickly when household income falls. Last October, 400,000 households whose income had fallen since the start of the year were receiving, on average, £37 a week more in tax credits.


Secondary information

Type
Oral question
Reference
507 c718 
322195 
Session
2009-10
Oral question type
Lead
Chamber / Committee
House of Commons chamber
Subjects
Welfare tax credits
Link
View this Oral question on www.publications.parliament.uk