Anneliese Dodds reacts to IFS research on the fall in peoples incomes post lockdown
Anneliese Dodds MP, Labour’s Shadow Chancellor, commenting on IFS research on the fall in peoples incomes post lockdown, said:
“This research makes clear how hard low-income people have been hit as a result of this crisis. This comes on top of huge numbers of UK families lacking basic financial resilience after a decade of squeezed living standards – a quarter of families lacked £100 in savings even before the crisis hit.
“We need a ‘Back to Work Budget’ now which meets the scale of this crisis supporting those working in heavily-affected industries and those reliant on social security.
“We must also urgently expand the scope and sufficiency of statutory sick pay – otherwise, many people will be faced with a choice of feeding their families and paying the bills, or protecting their own health and that of others”.