Families forecast to lose an average of £1,720 a year, according to official government analysis
More than 3 million families will lose out as a result of the government’s sweeping cuts to welfare, according to the official government analysis, with families losing an average of £1,720 a year.
The official assessment of the impact of the benefits cuts – including a sharper-than-expected cut to universal credit payments – shows those eligible for disability payments will be hit the hardest. As a result, an extra 250,000 people will be pushed into relative poverty by 2029/30, including 50,000 children. That is on top of 14.3 million already living in poverty.
The analysis shows just over 370,000 people who currently claim personal independence payments will lose them, while another 430,000 who would have been eligible for them in the future will not now get it. On average these people will lose £4,500 a year.
The chancellor, Rachel Reeves, announced the benefits cuts as part of her spring statement on Wednesday in which she was forced to make an additional £14bn of savings to hit her borrowing rules.
