Benefits bill ‘virtually unchanged’ under coalition, says IFS
The biggest cuts to the welfare system are ‘yet to come’ says think tank
The biggest cuts to the welfare system are ‘yet to come’ says think tank
Working parents in the poorest households have been hardest hit by changes to the tax and benefits system since 2010
Tory accusations of unfunded spending commitments are flatly contradicted by the IFS.
Britain faces at least five years of savage pending cuts if deficit reduction plans announced by chancellor George Osborne are enacted, according to the respected Institute for Fiscal Studies (IFS).
The bombshell will come as a boost to Labour ahead of conference season.
Despite the sort of spin that we saw last Friday, people really are worse off under the Tories.
Today’s figures should open up debate on how to reform the current system of tax credits and benefits. What is clear is that more needs to be done to address the growing number of people who are actively contributing to society but yet are finding it increasingly difficult just to get by.
The poor will be the hardest hit in the long-term by the economic downturn as a result of the government’s changes to the benefits system, according to the Institute for Fiscal Studies (IFS).
If the coalition is to meet its spending targets it will have to make further cuts to departmental budgets.
As the DWP publishes its annual Households Below Average Income figures, coalition policies are cancelling out a decade’s progress in tackling child poverty.