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
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
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
Re: Benefit cuts 'will leave poor families at greatest risk' if another recession
Whenever any economic recession has not hit the poorest hardest?...
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