Hundreds of thousands of struggling Brits will be worse off until 2025 as benefits payments fail to keep up with inflation.
More than 600,000 working-age households on means-tested benefits will still have less income in 2023–24 than if benefits had simply kept pace with inflation - despite the flat-rate cost of living payments, the Institute for Fiscal Studies (IFS) warned.
The annual uprating of benefits in April will "merely take them back to around the real level they were at a year earlier", it found.
