Tax Credits

Part of Oral Answers to Questions — Treasury – in the House of Commons am 2:30 pm ar 16 Mawrth 2010.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Stephen Timms Stephen Timms Parliamentary Under-Secretary (Department for Business, Innovation and Skills) (Digital Britain) (also HM Treasury), Financial Secretary (HM Treasury) (also in the Department for Business, Innovation and Skills) 2:30, 16 Mawrth 2010

Yes. Our view is that the tax credit system has played a very important role in supporting the economy, particularly in the past year, when a lot of people have seen their income fall-for example, because their hours have been reduced-and it has been possible for their tax credits to increase very quickly in response. I noticed that in my hon. Friend's constituency more than 500 families have benefited, by an average of just over £41.