Tuesday, 15 July 2014

Benefit claimants richer during recession

A study by the IFS has found that benefits claimants were better off by as much as 2.2% a year than those in work during the recession as their benefits were linked to inflation. The economic forecaster found that between 2008 and 2013, while the average income of households on benefits rose by 5%, the income of working people fell by 6.6%. Last year the Government cut the link and from this April benefit rises will be capped at 1% a year for the next three years. The Daily Telegraph,

No comments:

Post a Comment