The Treasury has, in partnership with other Government Departments, tackled poverty and promoted economic opportunity through:
Promoting macroeconomic stability
Supporting work for those who can and ensuring that work pays, through the new deals, a national minimum wage and the working tax credit
Providing financial support for groups at particular risk of poverty, such as child benefit and the child tax for families, and the pension credit for pensioners.
Across the UK, these measures have helped lift more than a million people out of poverty since 1997. Tax credits are benefiting more than 420,000 families in the West Midlands region, and in Coventry, South claimant unemployment has fallen by over 30 per cent., youth unemployment has fallen by 63 per cent. and long-term unemployment has fallen by 82 per cent.