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Small, low interest loans to the poorest people can transform lives and level up communities, but traditional microfinance has never taken off in the UK. What’s more, Brexit dealt it a near-fatal blow.
BBC News
By Teleri Glyn Jones
The squeeze on universal credit has gone too far, according to the former work and pensions secretary.
Stephen Crabb, who also served as secretary of state for Wales, said: We haven t funded it sufficiently for it to achieve all of its aims.
A freeze on working-age benefits was imposed from April 2016 to April 2020.
The UK government said it will focus on supporting people back into work as the economy reopens through the Plan For Jobs scheme.
The Child Poverty Action Group (Cpag) said the benefits system needed to do more to stop people falling into crisis in the first place.