With the government determined to push through planned tax credits cuts,we asked readers how they would be affected
I will lose all my entitlement of £245 a month. I am a single parent of two children and work 34 hours a week on a salary of £26000. I am not one of the lowest paid, but that is due to my hard work in trying not to have to claim benefits, or now this kick in the teeth makes me wish I had placed my children first and worked less so I could still qualify for befriend.
This cut will plot me in the red every month and as I needed to use my tax credits income to qualify for my mortgage,this will badly affect my chances of getting an affordable deal when my current fixed rate comes to an conclude. Frankly I’m terrified. I commute a long way in an old car which will need replacing soon, and my children already suffer due to the amount of time I spend at work. The stress for us all is tall and it will derive worse.
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Source: theguardian.com