BEHIND THE SPIN, MILLIONS OF WORKING FAMILIES STILL HIT BY WELFARE CUTS!!
Research commissioned from the House of Commons library shows that
next year over half a million working familes, already on Universal credit, will lose up to over £2500.
By 2020, when Universal credit will be fully rolled out, Some 2.6 million working families will lose an average £1,600 as a result of benefit changes due to come into force under the universal credit system.
Owen Smith, the shadow work and pensions secretary, said
” It is now quite apparent that the chancellor only offered a partial reversal of his cuts to working people’s incomes in last week’s statement. Next year, half a million families may be hit by cuts to tax credit’s successor, universal credit,”
“This newly commissioned research shows that working families on universal credit still face devastating losses next year. A 23-year-old single parent, with two children working 30 hours a week on the minimum wage, is set to lose £2,500.”
In its analysis of the autumn statement and spending review, the IFS said other commentators had been wrong to describe the chancellor’s measures as an end to austerity. The IFS director, Paul Johnson, said: “This is not the end of austerity. This spending review is still one of the tightest in post-war history.”