Universal Credit rates will change in April – fears millions will get less each month | Personal Finance | Finance

The measure meant both Universal Credit’s standard allowance and Working Tax Credit increased by £1,040 per year – working out at around £80 extra per month, or £20 per week more.

Despite having only been a temporary move, the Chancellor has repeatedly been called upon to extend the uplift beyond April 2021, when it is due to end.

Neither the Chancellor nor the Department for Work and Pensions (DWP) have indicated whether or not one extension will be announced, instead insisting the matter will be “reviewed”.

Today, a new report from the Work & Pensions Committee has been published, recommending that if the Chancellor cannot yet commit to making the £20 uplift to Universal Credit permanent, he should at the very least extend it for a further 12 months.

READ MORE: Rishi Sunak could be planning ‘direct attack’ on pensioners in huge tax raid

Source link

Comments are closed, but trackbacks and pingbacks are open.