Minimum-wage families would be £2,038 a year richer if George Osborne’s Budget had never happened

Research for MPs shows the devastating toll of two key welfare cuts on minimum-wage workers – even after they’re paid the ‘national living wage’

Britain’s poorest working families would be £2,000 richer if three of George Osborne’s key Budget changes had never happened, shock figures reveal. Research for MPs shows the devastating toll of the Chancellor’s welfare cuts on minimum-wage workers – even after they’re paid the ‘national living wage’.

The new rate of up to £9 an hour, which begins for over-25s in April, will boost family finances by £1,427 a year by 2021. But cutting tax credits and freezing child benefit will cost those same families £3,465, leaving them £2,038 worse off overall.

The horrifying figures punch a hole in David Cameron’s election pledge to help ‘hard-working people’ and pull people off the benefits ‘merry-go-round’.

The research was compiled by the House of Commons library.

Read more here: http://www.mirror.co.uk/news/uk-news/minimum-wage-families-would-2038-6441878?ICID

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One thought on “Minimum-wage families would be £2,038 a year richer if George Osborne’s Budget had never happened

  1. Pingback: Minimum-wage families would be £2,038 a year richer if George Osborne’s Budget had never happened | Benefit tales | sdbast

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