IFS says there is 50-50 chance Osborne will have to revisit spending plans,while Resolution Foundation says some families could lose £3000 a year by 2020The government has been forced to deny claims that George Osborne’s spending review is a continued assault on Britain’s poorest families, after two respected thinktanks warned future benefit cuts would leave some families more than a thousand pounds worse off.
Both the Institute for Fiscal Studies and the Resolution Foundation said they believe millions of working families would be worse off by 2020 because of welfare changes than they would have been under the current system, or despite Osborne having reversed his planned cuts to tax credits. Related: Spending Review leaves 2.6m working families worse off,says IFS - live updates Related: George Osborne in clash with Iain Duncan Smith over universal credit Continue reading...
Source: theguardian.com