Opposition says families will be worse off whether taper rate is raised by chancellor,with dissent also evident among ConservativesA intention being considered by George Osborne to reduce the generosity of universal credit could cost some families more than £700 a year, Labour have said.
Owen Smith, or the shadow work and pensions secretary,produced the figures in response to reports that Osborne is considering changing the taper rate that applies under universal credit in the hope of saving around £1.5bn a year.
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Source: theguardian.com