Research Suggests Osborne's Spending Review Will Leave The Most Vulnerable Worse Off

The video discusses the UK's autumn statement and spending review, highlighting a shift from austerity to a more positive economic outlook. It examines welfare changes aimed at transitioning to a lower welfare, higher wage economy. The Institute for Fiscal Studies offers a critical view, suggesting welfare cuts will still be significant, affecting millions of families. The video explores the impact on different income groups, particularly the poorest, and the long-term effects of these policies. The Treasury argues the transition will be less abrupt for current beneficiaries, but the overall message is that the changes could be as challenging as previously planned.

What is the new economic approach of the Conservative party as mentioned in the video?

• Higher welfare, lower wage economy

• No change in economic policy

• Lower welfare, higher wage economy

• Increased welfare and wages

According to the Institute for Fiscal Studies, how will welfare cuts affect families in the next five years?

• 2.6 million families will lose an average of £1600 a year

• Welfare cuts will be less severe than expected

• Families will gain an average of £1600 a year

• Welfare cuts will not affect any families

What is the expected impact of Universal Credit on the poorest families in the long term?

• No change in their incomes

• A 6 or 7% increase in their incomes

• A 6 or 7% fall in their incomes

• A 10% fall in their incomes

What was Universal Credit originally intended to achieve?

• Eliminate poverty

• Increase welfare benefits

• Reduce taxes

• Make work pay

What challenge does the Chancellor face in rebuilding the economy according to the video?

• Increasing welfare benefits

• Dismantling part of the welfare state

• Balancing the budget

• Reducing taxes for the wealthy