Issue date
09 Jul 2015

9 July 2015

Commenting on the Summer Budget analysis published today (Thursday) by the Institute for Fiscal Studies, which confirms that the Budget is highly regressive, TUC General Secretary Frances O’Grady said:

“A higher minimum wage will bring gains for some, but for many working families the Budget is a wolf in sheep’s clothing. These households will find that their tax credit losses are much larger than any gains from higher pay. Young workers, who will see no pay hike at all, can only lose.

“If the Chancellor hadn’t wasted so much on giveaways for the richest, tax credit cuts could have been avoided altogether. Low income working households need decent pay and in-work benefits to make ends meet.“


- All TUC press releases can be found at
- Follow the TUC on Twitter: @tucnews


Media enquiries:
Tim Nichols  T: 020 7467 1388  M: 07808 761844  E: [email protected]
Alex Rossiter  T: 020 7467 1285  M: 07887 572130  E: [email protected]
Clare Santry  T: 020 7467 1372  M: 07717 531150  E: [email protected]
Kay Atwal (Thur and Fri)  T: 020 7467 1385  M: 07941 547469  E: [email protected]