Last week NEF analysis revealed that 2.5 million working households will be affected by both the cut to universal credit and increase in national insurance contributions. On average, they will lose out by £1290 in 2022/​23. As my colleague Sarah Arnold said: ​“This is not a progressive solution to the issue of underfunded social care.” NEF’s analysis was covered by media including the Sun and Mirror.

As the end of furlough is also around the corner, and people’s livelihoods become more precarious, we continue to see why a Living Income that delivers true security is paramount. If you are interested in finding out more, join our upcoming event on making a Living Income a reality.

Miatta Fahnbulleh, Chief Executive, NEF