Families continue to be the ‘sponge’ absorbing much of the Government’s deficit reduction pain. Changes brought in last month have reduced support for families through the freezing of child benefit and a cut to the childcare tax credit. Combined with rising inflation, the squeeze on struggling families is increasingly apparent as families consider their household budgets and note declines in their bank balances.
Yesterday’s unemployment figures continue to be gloomy, with unemployment still rising and youth unemployment at a record high. But the picture is hardly less bleak for many people who do have a job.
There are now six million people working in low paid and often dead end jobs. Almost one in four people work in jobs [...]
Latest from Independent journalists on Twitter