Many people on benefits will be worse off until 2025 due a failure in payments keeping up with inflation, a think tank has said.The annual uprating of benefits in April will merely take them back to around the real level they were at a year earlier, the Institute for Fiscal Studies (IFS) said.Hundreds of thousands of people could be better off if they earned less due to the way the Government's cost-of-living payments will work, the organisation said, adding that more money is being spent overall than if benefits had been raised in line with inflation.
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