Four million households face a "significant decline" in their income under government plans to scrap the £20 a week increase in universal credit, a report has warned. The government again this week resisted calls to keep the £20 uplift brought in at the start of the pandemic.
The Institute for Fiscal Studies said that millions would lose an average of 13 per cent of their benefits if the cut goes ahead in April as planned.
With unemployment already rising and forecast to spike over the winter, many more households are expected to be reliant on the benefit system, one of the least generous of a wealthy nation.
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