Coronavirus: Universal Credit to be raised by £1,000 a year in £7bn rescue deal - News Summed Up

Coronavirus: Universal Credit to be raised by £1,000 a year in £7bn rescue deal


Working Tax Credit will be raised by the same amount. The government will also suspend the minimum income floor in Universal Credit "for everyone effected by the economic impact of coronavirus". This means a self-employed person with zero income will be able to claim Universal Credit at a similar rate to someone who is unemployed. It will mean "every self employed person can access Universal Credit at rate equivalent to Statutory Sick Pay," the Chancellor said. It came as the Chancellor announced a vast bailout of Britain's millions of stricken workers through a “Coronavirus job retention scheme”.


Source: Daily Mirror March 20, 2020 17:26 UTC



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