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. Continue reading “5,000 Wandsworth households face tax credit cuts ‘of £1,300’”

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