Triple whammy set to leave the poorest £1,000 out of pocket

The Times have run an article commencing:

Poorer families could be £1,000 a year worse off due to a “triple whammy” of prices rises, tax increases and benefit cuts, a think tank has warned.

The Resolution Foundation urged ministers to cancel an impending cut to universal credit to soften the impact of rising fuel bills and inflation over the winter, which will be followed by a rise in national insurance to pay for the NHS and social care.

You can read the whole article here, note that a subscription may be required.

It is odd that the Government chose the Transport Minister to defend such an important financial matter.  Grant Shapps said on the Andrew Marr show that Income Tax would have to rise by several pennies to pay to retain the weekly £20 Universal Credit temporary increase.
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