Households affected forecast to lose an average of £1,720 a year, according to official government analysisSpring statement: key points at a glanceMore than 3 million households will lose out as a result of the government’s sweeping cuts to welfare, according to the official analysis, with an extra 250,000 people falling into relative poverty by 2029-30.The official assessment of the impact of the benefits cuts – including a sharper-than-expected cut to universal credit payments – shows those eligible for disability payments will be hit the hardest. As a result the number of people living in relative poverty will rise to nearly 14.5 million, including an extra 50,000 children. Continue reading...