Some of the UK's poorest families could be £1,000 worse off if the usual benefits increase is watered down, a think tank has calculated.
Abandoning the usual inflation-rate rise for benefits in April in favour of level of earnings growth will cost a single adult £391 next year in real terms, analysis by the Resolution Foundation has found. And families with children will be even worse off, with a single parent with one child losing £607 and a working family with two children potentially getting £1,061 a year less.
Charities have hit out at the potential loss in income for vulnerable families, which they say could be catastrophic to families already struggling to cope with spiralling bills and the cost of living crisis.
