Following the publication of a Living Standards Audit by the Resolution Foundation, published today, Jeanette Sunderland , Lib Dem, Idle and Thackley said "As a matter of urgency, deep cuts to Universal Credit and benefits that are disproportionately hurting poorer families should be reversed. Too many families are struggling to pay their way and get on in life; the Government must do more.
The Resolution Foundation’s annual audit of living standards, published today, warns that child poverty in the UK has been rising twice as fast since 2011 as suggested by official data. The think-tank described “general stagnation” in household income in 2017/18, with high employment and a minimum wage increase offset by high inflation and low wage growth. The report found that once reporting inconsistencies in benefit spending and income had been accounted for, the rate of child poverty may have grown by 21% between 2011 and 2016, nearly double the official reported increase of 11%. The Foundation urged the government to rethink cuts to in-work benefits before moving families claiming tax credits on to Universal Credit.
Jeanette Sunderland said "This is the biggest rise since Margaret Thatcher was in power. The British economy simply isn’t working for most people. Years of chronic under investment in infrastructure and skills, a devastating crash caused by over-reliance on the banks, and now the economic uncertainty caused by this chaotic Conservative Government have eaten away at people’s living standards. We expect Government to do better than this.
As a matter of urgency, deep cuts to Universal Credit and benefits that are disproportionately hurting poorer families should be reversed. We must also ensure that employees have a greater voice in their workplaces, and make employment rights fit for the age of the ‘gig economy’."
You can read the report here: https://www.resolutionfoundation.org/publications/the-living-standards-audit-2018/