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Benefits

Volume 379: debated on Thursday 31 January 2002

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To ask the Chancellor of the Exchequer how many households are in receipt of housing benefit or working families tax credit; and what the estimated annual saving to the Exchequer in payment of housing benefit and WFTC would be from a 1 per cent. cut in the basic rate of tax. [26216]

It is estimated that at May 2000 there were about five million recipients of housing benefit (HB) or working families tax credit (WFTC) in the United Kingdom.It is estimated that, in a full year, a 1 per cent. cut in the basic rate of income tax lead to a direct reduction of about £40 million in expenditure on HB and WFTC.