Planned benefit cuts by the Conservative government combined with soaring inflation will leave nearly 3 million working households an average of £2,500 a year worse off, according to analysis by the Institute of Fiscal Studies.

Low inflation over the last two years has meant the government’s freeze on most working-age benefits has only amounted to a 1% real cut so far.

But rising inflation from the falling pound is now set to reduce the value of these benefits by 5% between now and 2020, with total cuts of over £5 billion a year in the long run.

It really is Time for Change!

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