It is predicted that the five years of cuts and austerity will hit women in Britain much harder than men. With £12bn expected to be cut from the welfare budget, statistics show that 80 per cent of these cuts will be directly affecting some of the most vulnerable women in the country. Despite extensive squeezing and reordering of the benefit budget under the coalition government, deep cuts are expected to deepen suffering for those who rely on the fund to make ends meet.
The online political publication 50.50 has reviewed the news, commenting that promoting a ‘change in behaviour’ will not help to tackle poverty issues. Documents leaked to the Guardian newspaper detail cuts and show that caps will be put on child benefit to a maximum of two children, there will be a removal of housing benefit for people under the age of 25 and it will be made harder for to people to claim state aid when out of work. Many cuts will affect women directly, such as making employers contribute more to the cost of statutory maternity pay, or abolishing it entirely.
With fresh cuts, it is widely agreed that the poorest women in the UK will experience continued inequality due to the deep post-recession cuts. It is predicted that women who are single parents on benefits will be expected to seek work when their youngest child reaches the age of three. At this age, any working mother will have to find a job that can cover childcare costs. It is also confirmed that the controversial bedroom tax policy will stay in place. Families, predominantly women, will be losing around £800 a year in benefits – forcing them into even deeper poverty.
As experts in debt advice, Trust Deed Scotland takes a keen interest in relevant industry news. A spokesperson from the company made the following statement. “The election results have certainly raised an extensive number of concerns. Austerity and poverty is a major issue and the cuts could be catastrophic for susceptible women all across the UK. For women living in Scotland, the increased cuts may be a cause for major financial concern. It is highly recommended that those women who are already struggling financially should seek free, expert financial advice to prevent against the crippling effects that borrowing and debt can have.”
Trust Deed Scotland®Ltd is a leading debt advisory service for Scottish residents. They are 100% owned and operated in Scotland, with a 98% trustpilot rating owing to their free, qualified debt advice. They are able to advise on the suitability of Trust Deeds and a number of alternatives, including The Debt Arrangement Scheme, Debt consolidation and Sequestration.
This press release was distributed by ResponseSource Press Release Wire on behalf of Trust Deed Scotland in the following categories: Men's Interest, Personal Finance, Business & Finance, for more information visit https://pressreleasewire.responsesource.com/about.