Universal Credit will be abruptly reduced in September.Paul Johnson, the IFS’s director, said “It is, by the way, remarkable that while the chancellor felt the need for a gradual phase out of furlough, business rates support, stamp duty reductions and VAT reductions he is still set on a cliff-edge reduction in UC such that incomes of some of the poorest families will fall by over £80 between one month and the next. "Johnson said pressure would mount on the chancellor to maintain the £20 a week increase, even though it would cost the Treasury £6 billion a year.He added: “ Whatever the case for cutting generosity into the longer term, if you’re going to do so the case for doing it gradually rather than all at once looks unanswerable.”Sunak.
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