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Lucy slams George Osborne for 'giving with one hand and taking with the other'

city_centre_small.jpgLucy has criticised Chancellor George Osborne after figures released today revealed that a quarter of a million people in Greater Manchester (almost 25%) are paid below the £7.85 living wage.

Speaking of the government's pledge to introduce its own so-called "Living Wage" of £7.20 - less than that recommended by experts - while simultaneously cutting tax credits, Lucy accused Osborne of ‘giving with one hand and taking with the other.'

Recent analysis by the Institute for Fiscal Studies found that the government's own "Living Wage" of £7.20 would come "nowhere near" to compensating working families for cuts to tax credits, covering only around a quarter of the income lost.

Lucy said:

Many families rely on tax credits to make up the shortfall in their earnings and the cost of living.

To take that away, with nothing to fill the gap, will leave thousands of Greater Manchester families on the breadline.

And Mr Osborne’s ‘living wage’ - which isn’t the recognised, independently calculated living wage - will do little to help many more families facing a crisis and fall well short of what is needed.

 

Read more in today's Manchester Evening News

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