The Institute for fiscal studies (IFS) has warned that the poorest claimants are set to lose £9 a week from their income because of frozen benefits, a falling pound and rising inflation.{jcomments on}

According to the IFS, 11.5 million families were expected to lose an average of £260 a year, saving the government £3 billion in 2019-20.

However, because of predicted inflation, the same families are now expected to lose £360 a year..

But if those families who only get child benefit are removed from the calculation, then the average loss for families dependent on benefits rises to £470 a year.

Given that inflation could rise even higher than predicted, the future for claimants is looking increasingly bleak unless the government has a change of heart about benefit uprating freezes.

You can read the full IFS report here.

Comments

Write comments...
or post as a guest
Loading comment... The comment will be refreshed after 00:00.

Be the first to comment.

Free PIP, ESA & UC Updates!

Delivered Fortnightly

Over 110,000 claimants and professionals subscribe to the UK's leading source of benefits news.

 
iContact
We use cookies

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.