The one chart that shows how tax credit cuts will actually affect you

How different families will lose out from the changes

George Osborne's proposals were twice defeated after peers queued up to condemn the measures for hitting the worst-off and attacked the Government for not coming clean in the Tory manifesto about the proposals.
George Osborne's proposals were twice defeated after peers queued up to condemn the measures for hitting the worst-off and attacked the Government for not coming clean in the Tory manifesto about the proposals.

The Government's proposed tax credit changes have been criticised by groups as dirverse as the Resolution Foundation, Conservative backbenchers, the Adam Smith Institute, and the Institute for Fiscal Studies.

The tax credit system is complicated and it can be difficult to work how how you will be affected by the tax credit changes.

This chart shows the how different families or individuals might lose out from George Osborne's original proposals.

After his defeat in the House of Lords on Monday the Chancellor has said he will listen to criticism and row back on some of the changes.

Those changes are due in the Autumn Statement, which is usually in early December or late November.

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