The cuts will affect around 11 million families, including 5 million of the struggling families that the prime minister stated she would focus on. However, that measure will be outweighed by the effective £2.5bn cuts to working-age benefits. There are four key benefit cuts this year. Working-age benefits will be frozen for a third year, saving £1.9bn and affecting almost 11 million families. The withdrawal of the family element of support for new tax credit and universal credit claims from families with children will cost families up to £545.

Source: The Guardian March 10, 2018 21:56 UTC