.@KatieSchmuecker: "For those in work, the change to the taper rate and work allowance, alongside the National Living Wage increase, are very positive steps, allowing low-paid workers to keep more of what they earn."
.@KatieSchmuecker: "But the reality is that millions of people who are unable to work or looking for work will not benefit from these changes. The Chancellor’s decision to ignore them today as the cost of living rises risks deepening poverty among this group."
"These steps go some way to turning the tide of in-work poverty that has been rising... But this does nothing for those who are unable to work or who are looking for work"
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📈Our analysis shows that households able to work the most hours gain the most from the National Living Wage rising and changes to the #UniversalCredit taper and work allowance.
❌However, rising living costs wipe out most of these gains
A couple with two young children, with one parent working full-time and one working part-time will be better off by £7 per week
At today’s Treasury Questions a number of MPs across the political spectrum expressed their concern at the impending cut to #UniversalCredit.
In response, Chancellor @RishiSunak said that he doesn’t accept that people will be forced into poverty as a result of the cut
Our analysis has shown that the cut to #UniversalCredit risks plunging 500,000 people into poverty including 200,000 children.
The cut will also pile unnecessary financial pressure on around 5.5 million families, both in and out of work.
Social security plays a vital role in our society, not just during a national crisis but every day.
Families across the country have shared how the impending cut will impact them. Their bills won’t get cheaper on October 6 news.sky.com/story/we-keep-…
1⃣In exactly one month from now the planned cut to #UniversalCredit will take £20 a week from the already precarious incomes of millions of families.
Here’s a rundown of just some of the reasons why the cut must not go ahead 👇
✂️It would be the biggest overnight cut to the basic rate of social security since WWII
📉It risks repeating the same mistakes made after the last economic crisis where our country’s recovery was too often not felt by people on the lowest incomes
💷It would put unnecessary financial pressure on around 5.5 million families, in and out of work
👨👦It risks pulling 500,000 people into poverty, including 200,000 children