Dewsbury MP Paula Sherriff has hit out at the Chancellors budget delivered on Wednesday afternoon. The first budget delivered by a majority Conservative government in over 18 years saw deep cuts to welfare payments, including tax credits, whilst giving a tax break that will benefit wealthier people.
Sherriff said: “What is clear following this brutal budget is that it is going to be a long and painful five years for working people. Thousands of my constituents will be hit in the pocket whilst the Chancellor once again dishes out tax cuts to the most wealthy in society.”
As announced prior to the budget, the Chancellor raised the inheritance tax threshold to £1 million meaning those with wealthy parents stand to be rewarded.
Sherriff continued: “10,000 families in the Dewsbury constituency are reliant on tax credits, most of whom are in work. Unfortunately most of them will not stand to inherit £1million properties. While I welcome the Chancellor’s commitment to a higher minimum wage, people in low paid work will still be worse off – he’s giving with one hand while he takes away with the other. How is it fair to punish people who are working hard while giving away something for nothing to others who will benefit from a tax cut on unearned wealth?”