Think tank chief criticises 'madness' of universal credit cutpublished at 14:58 British Summer Time 7 July 2021
The chief executive of the Resolution Foundation has hit out at plans to phase out the £20-a-week increase to universal credit in the autumn, calling it "political and economic madness".
Writing on Twitter, external, Torsten Bell said it would mean a hit to families' income as inflation spikes, with his think-tank predicting this could hit 4% by the end of the year.
He added that the people affected by the cut will not largely be those who have been able to save during the pandemic, saying the economic recovery is likely to be "more bumpy" than some are predicting.
He also said it would undermine efforts to shield people's incomes from a drop to economic output, one of the government's "success stories" in the pandemic so far.