Low and middle income families will suffer annual benefit cuts of over £2,700 a year by 2013 despite the government's pledge that there are to be ‘no losers' in the setting up of the new universal credit system, the TUC is warning today (Friday).
Nearly two thirds of the £15.9 billion of welfare and benefit cuts announced in the emergency budget and spending review will hit working families, undermining government claims that they are ‘making work pay', the TUC reveals today (Monday).
Plans to increase child tax credit by £30 a year in 2011/12 will be dwarfed by childcare cuts of up to £30 a week – or £1,560 a year – according to plans announced in the Comprehensive Spending Review (CSR) today (Tuesday), says the TUC.
Commenting on the latest inflation figures published today (Tuesday) by the Office for National Statistics, which show RPI inflation falling to 4.6 per cent in September, CPI remaining unchanged at 3.1 per cent and the Rossi index staying at 4.8 per cent, TUC General Secretary Brendan Barber said:
Government plans to move to a fairer and simpler benefits system will be undermined if they are accompanied by deep cuts to hard-pressed middle income families, the TUC warns today (Friday) in its submission to the Government consultation on welfare reform.
New TUC analysis published today (Monday) of the Government's proposed 10 per cent housing benefit cut for adults who have been claiming Jobseeker's Allowance (JSA) for more than 12 months, reveals that at least 194,000 unemployed adults will lose nearly £500 a year if the cut is introduced.