Some Universal Credit claimants have seen their incomes fall by £4000 a year since 2013
Over a million Brits are £2000 worse off every year, following a decade of benefit reforms and clampdowns, according to the Institute for Fiscal Studies .
However, with millions now employed yet still drawing on government support, the Institute for Fiscal Studies suggests the system is subsidising low-paid work. Their report highlighted: "While the incentive to move into paid work has been strengthened, there has been almost no change in the incentive to move from part-time to full-time work."
Universal Credit is set to be implemented for the remaining 1.2 million benefit recipients who have not yet switched over to the new system. The transition process was expedited due to recent DWP legislation aimed at saving the department millions in benefit payments, with one in 25 people failing to shift to the new platform.
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