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Universal Credit cash WILL be in bank accounts before Christmas during festive price hike of over 1 million Brits, Minister swears

More than a million Britons will have extra cash in their bank accounts by Christmas thanks to a £1,000-a-year Universal credit boost.

More families will start receiving new higher payments in time for the holiday season after the minister fast-tracked the rollout of the new plan.

More Britons will get the extra money they earned from winning The Sun's campaign
More Britons will get the extra money they earned from winning The Sun’s campaign

NS incremental payments started arriving in bank accounts last week, as confirmed by this newspaper.

It comes later The Sun’s Campaign to Make Universal Credit Work and will come as a relief to the hard-working people.

That means more than half of those eligible for the boost payments will receive them in time over the Christmas holiday period.

Today as Treasury secretary, Lucy Frazer, confirmed move to Commons.

Tory MP Stephen Metcalfe asked her to “confirm the £1,000 a year tax cut through changes to the UC descending rate which will start to be seen in people’s bank accounts by this Christmas”.

She replied, “Mr. Loa, yes.”

Prime Minister Rishi Sunak said he’s “extremely proud” of the move to boost the incomes of millions of low-income families.

“We believe fundamentally in the power and ability of work to transform people’s lives,” he said.

“We want to make sure people have great jobs, we want to make sure that those jobs pay well.

“Internal cut General Credit The taper rate will secure £2.2 billion in tax cuts for the lowest earners. We are extremely proud of that. “

He announced in last month’s Budget that harsh taper ratio are being cut to raise wages for 2 million people.

The work allowance has also been increased by £500.

Earlier this month, Britons received confirmation of their benefit increase on their regular monthly statements.

Half a million people started getting extra money last week, thanks to a cut in the taper rate to 8 cents a pound.

And more than half a million others will start receiving their enhanced payments in the next two weeks.

Last week, DWP boss Therese Coffey praised The Sun’s Make joint credit work campaign, because working households can keep more of what they earn.

However, millions of Universal credits were affected by benefit cuts earlier this year, when the government withdrew the £20 a week support offered during the run.

Is different, like reader Debi Wallbank, is struggling as rising inflation pushes up the cost of energy and food.

We also revealed how Universal Credit and benefits will increase next year, as the DWP has confirmed the payment amount will increase.

People who are struggling can sign up for help – as a advance loan.

While millions of general credit will also receive £10 one-time payment in time for the festive season.

Tax cuts for millions of working Britons mean a happier Christmas

By Thérèse Coffey, Secretary of State at the Department for Work and Pensions

MANY pounds in everyone’s pocket.

That’s our plan for the nearly two million lowest- and highest-wage working families in Common Credit.

From today we are making changes to provide an effective tax cut of £2.2 billion for the lowest paid, who will be better off on average £1,000 England a year.

For example, a single mother of two, renting in Darlington, working full-time on the National Living Wage, would see her take-home income increase to £1,200 annually.

Or a couple with two children renting their home, where one partner works full time on the National Living Wage and the other works 16 hours a week for the same income, would be better off £1,800 each year.

We’re doing this by making two changes.

The first is a change to a descending rate, which means people will keep more of their General Credit payments as they earn more at work.

The second is a £500 increase to the Work Allowance, which means people can earn even more before their General Credit payments drop.

The Sun, supported by its readers, has campaigned to ‘Make Universal Credit Work’ and these changes do just that.

It means hard workers aren’t penalized for working longer hours – unlike the old system that took away all benefits at once when everyone worked 16 hours or more in paid work.

And because we made these changes a week earlier than announced at the Budget, an extra half a million low-income households will get more money before Christmas.

With people feeling their pockets diverging from December 1, this should be a welcome boost ahead of the festive season.

Budget: Big shake Universal Credit so 2 million can keep an extra £1,000 a year

https://www.thesun.co.uk/money/16965721/universal-credit-boost-brits-bank-accounts-christmas/ Universal Credit cash WILL be in bank accounts before Christmas during festive price hike of over 1 million Brits, Minister swears

Bobby Allyn

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