3min chapter

New Economics Podcast cover image

Can we prevent living standards plummeting this winter?

New Economics Podcast

CHAPTER

What's Going to Happen to Universal Credit?

Erra Whelan says she's not sure how many people will lose their jobs. She thinks some of those who've been furlowed may go back to work, but other sectors like the travel industry could be hit hard. Erra: It's bizarre that the treasury is choosing to cut incomes when it's clear the economy is not out of the woods yet. And in doing so, taking money out of the pockets of people most likely to spend to keep the economy moving.

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