Sunak Spending Review in detail the Resolution Foundation said the chancellor’s failure to extend a temporary £20 increase in Universal Credit beyond next March would hit families just as unemployment levels are expected to peak.
The Resolution Foundation warned of a prolonged "squeeze" on Britain’s living standards following the economic shocks of Brexit, Covid-19 and the hangover from the 2008 financial crash.The think tank also warned the Chancellor’s plans to cut Universal Credit from April “will see around six million households losing over £1,000” next year.Chief executive Torsten Bell warned the position was “untenable” and predicted the Chancellor would be forced to change his mind.He said: “We are expecting the Chancellor to change.
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