Freezing working-age benefits could save £4 billion but come at ‘terrible cost’

A cash-freeze on working-age benefits could put 400,000 more children into poverty, the Resolution Foundation said

The move, reportedly under consideration by the Chancellor, would also push an additional 400,000 UK children into absolute poverty, it said. According to reports last month, Treasury officials were said to be considering real-terms benefits cuts as part of cost-saving options being drawn up in time for the autumn statement in November.

Lindsay Judge, research director at the Resolution Foundation, said: “The Government is reportedly considering returning to a tried-and-tested way of saving the exchequer money, by not uprating benefits in line with prices next year. Any cash freeze to benefits next year would be a return to a policy implemented between 2016-17 and 2019-20, the economic think tank pointed out.

Source: Loan Digest (loandigest.net)

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