Benefit cuts to reduce incomes of nine million households
The Government’s plans to cut benefits by increasing them below the rate of inflation will leave the poorest families struggling to get by on incomes that will drop to levels last seen around the turn of the century.
A new briefing from the Resolution Foundation assesses the impact of raising working-age benefits in line with earnings rather than prices in terms of the savings for the Treasury and the impact on households.
It finds that nine million households – or 45% of working-age UK households – containing 30 million people will be affected if the Government goes ahead with reducing the uprating of non-protected working-age benefits, such as Universal Credit, next year.
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