Tax credit cuts: the impact on families

Agnes Norris Keller 150.jpgAgnes Norris Keiller is a research economist at the Institute for Fiscal Studies and works in the Income, Work and Welfare sector. She currently works on projects related to the income distribution and the labour market.

Here she examines the changes to the tax credits system which are being introduced this month, and what the changes might mean for those receiving them in the future

The first week of April saw the introduction of significant cuts to the working-age benefits system.

The allocation of tax credits (and universal credit, which is replacing tax credits and three other working-age means-tested benefits) currently depends on the number of children in a family. Continue reading