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MP Teresa Pearce says 2,000 people will lose tax credits in Thamesmead and Erith
More than 2,000 families in Erith and Thamesmead will lose all of their Child Tax Credit or Working Tax Credit, according to figures obtained by the Labour party.
Because of changes brought about in the Budget, which came into effect on April 6, the figures revealed up to 1,600 families will lose as much as £545 a year in Child Tax Credit and 410 couples earning less than £17,000 will lose their Working Tax Credit, worth £3,870, if they cannot increase their hours.
Erith and Thamesmead MP Teresa Pearce said: “This is going to make life harder for a lot of my constituents.
"It’s particularly unfair when you consider that in the same Budget [the Government] decided to give people earning over £150,000 a tax cut whilst ordinary people’s incomes are squeezed even further.”