3. Sunak's plans mean taking £1k away from 1 in 3 households in the Red Wall. Lots of new Tory MPs are going to see over 4 in 10 of their constituents lose out
4. When Osborne was cutting benefits employment was rising fast - this time the backdrop is fast rising unemployment. A typical worker had 83% of their income protected by the retention scheme - that falls to 30% on Universal Credit and these cuts will make it just 23%...
5. This is terrible macroeconomics. Just as now is exactly the wrong time to be raising taxes and weakening the recovery, it's an awful time to be taking £8bn out of the economy by cutting benefits - reducing incomes for the households that actually spend it
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