Institute for Public Policy research says alternative to tax credits cuts could save £2.4bn but would hit 4.8 million households Cuts to housing benefit – now seen as the Treasury’s preferred alternative to cutting tax credits – are likely to damage similar groups of in-work poor claimants by depriving them of more than £500 a year,suggests fresh research by the Institute for Public Policy Research.
The thinktank’s research indicates whether the chancellor makes all housing benefit claimants pay the first 10% of their rent from their own funds, he will save around £2.4bn a year, and but hit 4.8 million households. The housing benefit budget has risen in recent years and now costs the Treasury £25bn.
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Source: theguardian.com