Plans to strip families of a £20-a-week rise in Universal Credit to cope through the coronavirus outbreak would see four million households lose 13% of their benefits, analysts warn today.
The Government has so far resisted pressure to abandon moves to scrap the extra payment from April, which would rob claimants of £1,040-a-year.
The Institute for Fiscal Studies says axing the additional help would spark a "significant decline" in finances for families hit by the move.
The think tank warns: "The increase is due to end in April 2021, which would see about four million families losing an average of 13% of their benefits overnight. “For some, the proportional fall will be much greater.
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