Tax credits may not be the best way to help those on low pay

By Lucy Powell

—Under this government we are seeing a growing number of circumstances, especially for those with children, where the costs of working or, more often, increasing one’s hours of work are not financially ‘worth it’. These disincentives to work are set to get worse with the introduction of the government’s universal credit in April.

What is more, for some employers, especially those in retail and services where having large numbers of staff on short hours suits their business, there is little incentive to offer more hours.

Their employees see too little benefit to those increased hours so do not demand them.

It was certainly never the intention of the tax credits system to create this situation. So is it time that we looked at ways to reform system, by using some of the £29.8bn currently spent on tax credits (soon to come under universal credit) to incentivise better pay and more hours instead of simply supporting those on low pay and short hours?

Under current arrangements there are a number of circumstances where families would see very little return for taking on more work or returning to work after having children. The Resolution Foundation’s recent report Counting the Costs of Childcare found that for lower-to-middle-income families, the extra income generated by a second earner is almost entirely lost on childcare costs, leaving the household no better off in work than out of work. This just cannot be right.

And with the introduction of universal credit, Barnardo’s has calculated that a lone-parent family with two preschool children working 16 hours a week would be zero  – yes, zero – pounds better off if the parent increased their hours to full time. This is a perverse situation.

The Children’s Society’s recent report, The Parent Trap, found that those on the lowest pay, who have already seen their tax credits cut, will have to pay up to seven and a half times as much towards their childcare costs under universal credit, leaving many unable to continue working.

For sure, some of these issues relate to the growing crisis in childcare, which needs urgent attention, and IPPR’s report, Making the Case for Universal Childcare, is an excellent start. But we also need to look at how we can make it in employers’ and employees’ interests to deliver and demand higher pay and more hours.

One way to explore this would be to discuss with employers creating financial incentives for higher pay, such as the living wage, which in turn may almost pay for itself as the need for tax credits reduces. We could also look at incentivising workplace crèches and childcare support, as the problem for many in retail and the service sector is the irregular and antisocial hours they work. Again, these sorts of measures could pay for themselves over time.

What is clear, though, is that the government’s approach to tackling this problem is, in many cases, making it worse, and the blunt instruments it is using, such as increasing the number of hours required to work to qualify for credits, is leaving too many to fall through the net.

The reform that is needed will require dialogue with employers and employees and should be seen as a long-term plan so that we do not leave some of the lowest-paid and most-struggling families even worse off. But if we do it right it could be a way of raising living standards at the same time as cutting the welfare bill.

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Lucy Powell is MP for Manchester Central and a vice-chair of Progress

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Photo: Todd Stadler