Households affected forecast to lose an average of £1,720 a year, according to official government analysis
More than 3 million households will lose out as a result of the government’s sweeping cuts to welfare, according to the official analysis, with an extra 250,000 people falling into relative poverty by 2029-30.
The official assessment of the impact of the benefits cuts – including a sharper-than-expected cut to universal credit payments – shows those eligible for disability payments will be hit the hardest. As a result the number of people living in relative poverty will rise to nearly 14.5 million, including an extra 50,000 children.
Discover more from Stay Updated Finance News
Subscribe to get the latest posts sent to your email.
