The poor will be the hardest hit in the long-term by the economic downturn as a result of the government's changes to the benefits system, according to the Institute for Fiscal Studies (IFS).
The poor will be the hardest hit in the coming years by the economic downturn as a result of the government’s changes to the benefits system, according to the Institute for Fiscal Studies (IFS).
Research published today shows that while the incomes of the wealthiest fell the most in the initial stages of the downturn, it is the poor who are now feeling the squeeze now and who will continue to be hardest hit as benefit reforms take effect in 2015/16 and beyond.
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