Tax cuts to leave key workers up to £12,000 poorer by 2020
A new study has revealed that the Tory government’s tax credits cuts will leave British workers up to £12,000 poorer by 2020.
According to the research by the public sector workers union Unison, teaching assistants, social workers and other key public sector workers will be affected by the cuts.
They are expected to lose over £1,500 a year as a result of controversial government cuts.
Some other workers, are estimated to lose more than £12,000 by 2020 as a result of the £4.4 billion cuts.
'Unfair cuts'
A London-based economist believes that the cuts will take a heavy toll on the poorest section of the society particularly those who have low-paid and insecure jobs.
“It is perfectly clear that these cuts are not just cuts. They strike the economic basis of the poorest section of society, particularly those who are in very low-paid and insecure jobs... We know that all sorts of people are doing calculations and depending on their exact circumstances of their family, [they would lose] between 1,000 and 1,500 per year, which in British terms is absolutely a cut which they could not possibly sustain,” Rodney Shakespeare told Press TV’s UK Desk on Saturday.
Bullying peers
Meanwhile, UK Chancellor of the Exchequer George Osborne has been accused of bullying peers over the controversial tax credit cuts.
"There has been enormous pressure coming from the Treasury, the Chancellor of the Exchequer, upon peers…The weight on me has been unspeakable really. I think it’s bullying tactics,” Crossbencher Baroness Meacher was quoted on Saturday as saying by the British media.
The British Prime Minister David Cameron has already undermined the threats by the peers to block the £4.4 billion cuts.
The prime minister has urged peers to obey the convention that the second chamber does not block financial policies approved by MPs.
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