University credit unio

A single mum said extending the £20 boost to Universal Credit for just six months is a "kick in the teeth" for hard-pressed families. Rishi Sunak today confirmed that the Universal Credit supplement will stay until September. But he resisted calls to make the change permanent, meaning Universal Credit claimants could see a drop in income of £85 a month in the autumn. Speaking shortly after Chancellor Rishi Sunak's Budget announcement, Rebecca, from the east of England, said she was "disappointed" to hear the monthly allowance would only carry on until autumn. "Anybody can see that people are struggling so he [Sunak] had to do something - but he's done the very bare minimum that he could've done," she told The Mirror. "On the one side great, for six months I've got £80 in my bank extra that I can feed my daughter with, maybe feed myself with and maybe use to pay towards some bills and stuff. "But in reality what that means is just more limbo for me, more unknown - and … [Read more...] about Struggling single mum says autumn £20-a-week Universal Credit cut a ‘kick in the teeth’

Chancellor Rishi Sunak has announced several measures to support people affected by COVID-19 lockdowns. Much of Wednesday's budget (summed up here ) focused on the pandemic, with some schemes being extended and some new ones introduced to the tune of an extra £65 billion, bringing the total spend on COVID-19 since March 2020 into the next financial year to £407bn. Here are all the COVID -related announcements: Furlough Mr Sunak has extended the furlough scheme to 30 September. It was due to expire at the end of April after starting last March when the crisis began. Wages for millions who are unable to work due to the restrictions will continue to have up to 80% of their salary subsidised by the government, with a maximum of £2,500 a month. This will gradually be lifted, with the government reducing its contribution to 70% from July and employers having to pay 10% for hours not worked. In August and September, the government will pay 60% and employers 20%. … [Read more...] about Budget 2021: What COVID-19 support measures were announced and extended?

Chancellor Rishi Sunak has announced several measures to support people affected by COVID-19 lockdowns. Much of Wednesday's budget (summed up here ) focused on the pandemic, with some schemes being extended and some new ones introduced to the tune of an extra £65 billion, bringing the total spend on COVID-19 support since March 2020 into the next financial year to £407bn. Here are all the COVID -related announcements: Furlough Mr Sunak has extended the furlough scheme to 30 September. It was due to expire at the end of April after starting last March when the crisis began. Wages for millions who are unable to work due to the restrictions will continue to have up to 80% of their salary subsidised by the government, with a maximum of £2,500 a month. Watch live reactions to the budget This will gradually be lifted, with the government reducing its contribution to 70% from July and employers having to pay 10% for hours not worked. In August and September, … [Read more...] about COVID-19: What support measures were announced and extended in the Budget?

The budget doesn't just have ramifications on the Treasury - other parts of the economy will feel the effects of the announcements for months and years to come. Taking a look at specific policies, Sky's specialist correspondents have broken down what Rishi Sunak 's headline speech means in their areas. Please use Chrome browser for a more accessible video player Budget 2021: What did Rishi Sunak announce? Get more live budget updates here Sunak wants to stave off unemployment and give confidence to businesses By Paul Kelso, business correspondent Advertisement Like the rest of us, Rishi Sunak probably wanted to look forward to life after COVID , but the continued grip of the virus on the UK did not give him, or us, that luxury. So this Budget was most significant for being yet another emergency statement, committing £65bn to broadly extend state support to business and individuals for another seven months to … [Read more...] about Budget 2021: Climate, health and culture – what are the wider impacts of the budget?

Chancellor Rishi Sunak has set out an extra £65bn in COVID support for employees and businesses - but announced a freeze on income tax thresholds and a rise in corporation tax to help pay back the UK's rising debts. In his budget speech, Mr Sunak set out a three-part plan to "protect jobs and livelihoods of the British people". But he warned that "corrective action" would be needed to tackle the UK's rising debt, as he set out how the government was now committed to spending £407bn on coronavirus support with borrowing at levels last seen in the 1940s. Follow the budget live Budget 2021: All the key points Among his key measures, the chancellor announced: Advertisement an extension to the furlough scheme until the end of September and more support for the self-employed the £20-a-week uplift in Universal Credit will continue for another six months the rate of corporation tax will rise to 25% in 2023, but with protections for … [Read more...] about Budget 2021: Rise in corporation tax and freeze on thresholds as Rishi Sunak tries to recover COVID debt