The IFS found average working families will be £1,400 worse off because of the 2017 Budget.
That’s not correct. Figures on this scale don’t refer to the recent budget, they cover all changes to tax and benefits from 2015 to 2020. The average one-earner couple with children stands to lose £1,400 over this period and households with children overall are expected to be £1,300 worse off.
“According to IFS figures, average working families will be £1,400 worse off as a result of her Budget that’s been produced last week”.
Jeremy Corbyn, 15 March 2017
It was the change to National Insurance Contributions for self-employed people and it’s since been reversed.
So we’ve asked Labour what Mr Corbyn was referring to.
He may have been talking about Institute for Fiscal Studies analysis of the long-term impact of every single change to tax and benefits set to happen between 2015 and 2020.
The IFS suggests that working-age households with children will on average end up with around £1,300 less each year.
That’s not necessarily what most people would think of as “average working families”. It’s an average of all working-age households, from the poorest to the richest, ignoring whether anyone in the house is actually employed.
Similarly, the average one-earner couple with children stands to lose around £1,400. But again, it doesn’t matter how much they earn and we’re only talking about one kind of “working family”.
Families where both parents work or lone parents, for example, will be affected very differently.
This factcheck is part of a roundup of Prime Minister's Questions. Read the roundup.
Full Fact wants to see greater accountability for public figures who mislead us—and we need your help.
Political debate in the UK is in flux right now. The UK’s exit from the European Union is approaching, we will soon have a new prime minister and potentially a general election.
We want politicians to tell the truth, and while the best politicians realise that their work should be done honestly, some aren't taking their responsibilities seriously. Both sides in the EU referendum campaign let voters down, from deceptively designed leaflets to some of the arguments made on each side. The public rightly expects more from politicians.
We want to see greater accountability for public figures who mislead. Full Fact will continue to advocate for higher standards and call out those who don't uphold them.
But we rely on the generosity of our supporters to make sure we can spot the most harmful misinformation when we most need to.
Can you help us?
Support better public debate today.