Universal Credit raises £1,000 for half a million working Britons coming TODAY to win the Sun campaign
Half a million Britons working on Universal Credit will see a £1,000 extra cash boost for Christmas from today.
NS harsh taper ratio is being cut just before Christmas when suddenly Rishi Sunak’s Budget goes into effect.
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DWP boss Therese Coffey today praises The Sun’s Make joint credit work advocate when working households can keep more of what they earn.
Work allowances will be increased by £500 and taper rates cut by 8% for some of the worst performing Britons, helping nearly two million working families.
And it will be an incentive for the millions of people who have seen their benefits cut after the pandemic of £20 a week extra cash ended just weeks ago.
The first ones will be notified today, followed by their payments next week.
Ms Coffey wrote today: “The Sun, supported by readers, campaigned for ‘Make .’ General Credit Work’ and these changes do just that.
“That means hard workers aren’t penalized for working longer hours – unlike the legacy system that takes away all the benefits at once when everyone does 16-hour paid work. above.
“With people feeling a difference in their pockets from December 1, this should come as a welcome boost ahead of the festive season.”
Hundreds of thousands more Britons will enjoy it as the scope of the welfare state expands.
Single parents paying higher tax rates will benefit for the first time as the Government expands help to the middle classes.
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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 introduced these changes a week earlier than announced at the Budget, an additional half a million low-income households will receive the extra money before Christmas.
With people feeling their pockets diverging from December 1st, this should come as a welcome boost ahead of the festive season.
Prime Minister Rishi Sunak said today: “We want this to be a country that rewards hard work by helping the lowest-income families keep more of their hard-earned money.
“That’s why at Budget I announced effective tax cuts for 2 million people worth over £2 billion.
“These changes come into effect from today and will mean that as Christmas approaches, hard-working families keep an extra £1,000 a year of the money they earn.”
Vulnerable households will also be able to receive a new £500m cash injection to help them get essentials during the winter months.
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https://www.thesun.co.uk/money/16826288/universal-credit-boost-taper-rate-budget-sun-campaign/ Universal Credit raises £1,000 for half a million working Britons coming TODAY to win the Sun campaign
