Whilst elements of today’s Spending Review are encouraging, such as the decision to freeze Council Tax for two years which could save households almost £100, we are concerned about some of the deep cuts planned.
The additional £4 billion reduction in welfare spending will come at a time when millions have already experienced cuts to their benefits, and with Housing Benefit, tax credits, disability benefits and pensioner benefits included in the welfare spending cap that’s due to be introduced, the effects could be far-reaching.
Furthermore, many individuals and families may struggle to cope with the seven day delay in claiming benefits. With recent research revealing that eight million Britons have no savings at all, there is concern that people will be forced to turn to food banks and payday loans to make up the shortfall.
We know from speaking to the people we help that pressure on finances is greater than ever. With further public sector job losses and cuts to local services expected, the forecast looks worrying.
It is more important than ever that people can access financial support and advice now. Anyone who is worried about their situation can visit our website – www.turn2us.org.uk to check their entitlements to welfare benefits and grants, find information about further financial help, and find an adviser in their local area.”
Director of Turn2us, London