The decision of the Coalition Government, announced in the Autumn Statement, to uprate most social security benefits and tax credits by 1% per year for the next three years is unprecedented* . It will save £3.8 billion, which is the same as saying that the poorest families will have that amount taken from their incomes. The impact on their living standards will be much starker.
|Publisher||Social Policy Research Unit, University of York|
|Publication status||Published - Dec 2012|