A recent analysis of HMRC data from December 2016 carried out by GMB union details the extent to which the incomes of working families are being 'topped up' by child and working tax credits.
At 20,800, the Enfield borough has the second highest number of families in receipt of child and working tax credits in London. Families in Enfield received on average £154 per week, £8,011 annually. This figure is higher than both the London and UK-wide average, which stand at £7,551 and £6,589 respectively.
The introduction of Universal Credit is set to see families lose out by up to £30 per week as the Government looks to cut £3.1 billion from the social security budget. A freeze on working age benefits until 2020 represents a real term cut and will see working families miss out even further.
Commenting on the findings, Kate Osamor stated:
"This analysis carried out by GMB demonstrates clearly that those who are doing everything asked of them by the Government are still struggling to make ends meet.
"The support given to families by tax credits can often be the difference between a family just about managing and being plunged into poverty. It is left to the taxpayers to foot the bill for the working families who are chronically underpaid.
"Yet despite the financial lifeline that tax credits offer, the Government is hell-bent on cutting this assistance even further. The introduction and rollout of Universal Credit is set to see families lose up to £30 per week, as the Government looks to slash £3.1 billion from the social security budget.
"Further changes to child tax credits and the freezing of working age benefits until 2020 will mean that families who rely on these benefits to heat their home and feed and clothe their children will see their incomes reduced even further.
"The Conservatives claim to be building 'a country that works for everyone', however, these words will ring hollow to the thousands of working families who are set to see their already stagnated incomes cut even further".