1,300 Streatham Families to lose £110 a year  

Streatham MP Chuka Umunna has hit out at a £110 loss for 1,300 local families, saying Streatham families are now paying the price for the Government’s mismanagement of the economy.   The Autumn Statement, given by the Chancellor this Wednesday, is used by the Government to update Parliament about Government plans for the economy. The Chancellor was forced to admit that UK growth forecasts have been reduced to 0.9% this year and that growth will fall again to 0.7% next year.   The Chancellor, George Osborne, announced that he would be scrapping the previously announced £110 above inflation increase to the child element of the Child Tax Credit received by 1,300 families in Streatham.   Streatham MP Chuka Umunna, has blamed the scrapped payment on the need for the Government to save money to compensate for the lack of economic growth.   Commenting, Mr Umunna said:   “It is...