Benefit cuts 'will leave poor families at greatest risk' if another recession

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Benefit cuts 'will leave poor families at greatest risk' if another recession

Post by Admin on Thu Nov 09, 2017 6:51 am

Planned benefit cuts mean poor families with children will probably be the hardest hit if the UK is crippled by another recession, according to new research.

If there was a similar crash to the one that began in 2008, the poorest 30% of households would get less protection from the welfare system after the cuts, the Institute for Fiscal Studies said.

Before the cuts they would lose 39p ​- once the welfare buffer kicks in - for every pound wiped off their salary, but after the cuts they would lose 53p in every pound.

https://www.politicshome.com/news/uk/economy/financial-sector/news/90415/benefit-cuts-will-leave-poor-families-greatest-risk
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Re: Benefit cuts 'will leave poor families at greatest risk' if another recession

Post by Brutus on Sun Nov 12, 2017 11:34 pm


 Whenever any economic recession has not hit the poorest hardest?...
 
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