Rampant Neoliberalism.  ‘Just about managing’ UK families to be £2,500 a year worse off by 2020. 

Thatcher II Has Arrived. 

The combined impact of welfare cuts will leave struggling working families – the “just about managing” households Theresa May has vowed to help – worse off by more than £2,500 a year by 2020, according to research published days before her government’s first autumn statement.

A study of 187,000 households across the UK found that policies including cuts to universal credit and the four-year benefit rate freeze, coupled with rising rents and higher inflation, would see low-income working families typically lose £48.90 a week by the end of the decade.

The findings have alarmed councils and charities worried that the growing financial burden on low-income families will raise poverty and homelessness levels.

The Guardian 

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