University credit union iowa

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’

Millions of people will see their wages rise on April 1, when new minimum wage rates come into force in England. Basic rate workers will get a 2.2% increase, Rishi Sunak said, with the National Living Wage rising to £8.91 an hour. For the first time, the government's highest rate will also include those aged 23 and over - workers who previously fell under the lower wage bracket. This means 23 and 24-year-olds who are currently on £8.20 an hour will see their pay jump by 71p to £8.91 next month. However, the increase is a U-turn on the 49p an hour promised last March. It equates to a pay rise of just 19p an hour for basic-rate workers - the majority of whom have already taken a 20% hit over the past year due to mandatory furlough. It comes as the current Universal Credit total sits at 6million. Unions accused the Chancellor of "letting down" thousands of vulnerable people who are trapped in financial hardship. "Workers on the national minimum wage - not least the two … [Read more...] about Budget 2021: Minimum wage to rise for workers in April – see how your pay is changing

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?