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Changes to #UniversalCredit in #Budget2021 see the loss of £20 (#KeepTheLifeline) "mitigated" with a reduction in the UC "taper rate" from 63p to 55p.
Let's look at what that means, who that helps and who that hurts.
#poverty #ukpolitics #benefits #UKPoverty #foodbanks
1.
Let's look at what that means, who that helps and who that hurts.
#poverty #ukpolitics #benefits #UKPoverty #foodbanks
1.
It means that now instead of 63p being deducted from Universal Credit for every £1 earned, only 55p will be. Meaning claimants in work are 8p better off per £1 wages earned.
That offsets that £20 for some. Who though? How many 8p's are needed to reach £20?
2.
That offsets that £20 for some. Who though? How many 8p's are needed to reach £20?
2.
It's actually £250 that is needed in wages every month, to offset the £20 cut. Or to put it another way, that's 59h work a month on the apprentice minimum wage, or 29h on the min wage over 23.
At age 23, if you work 7h a week you should be better off with the new rates?
3.
At age 23, if you work 7h a week you should be better off with the new rates?
3.
At today’s Treasury Questions a number of MPs across the political spectrum expressed their concern at the impending cut to #UniversalCredit.
In response, Chancellor @RishiSunak said that he doesn’t accept that people will be forced into poverty as a result of the cut
In response, Chancellor @RishiSunak said that he doesn’t accept that people will be forced into poverty as a result of the cut
Our analysis has shown that the cut to #UniversalCredit risks plunging 500,000 people into poverty including 200,000 children.
The cut will also pile unnecessary financial pressure on around 5.5 million families, both in and out of work.
The cut will also pile unnecessary financial pressure on around 5.5 million families, both in and out of work.
Social security plays a vital role in our society, not just during a national crisis but every day.
Families across the country have shared how the impending cut will impact them. Their bills won’t get cheaper on October 6
news.sky.com/story/we-keep-…
Families across the country have shared how the impending cut will impact them. Their bills won’t get cheaper on October 6
news.sky.com/story/we-keep-…
1⃣In exactly one month from now the planned cut to #UniversalCredit will take £20 a week from the already precarious incomes of millions of families.
Here’s a rundown of just some of the reasons why the cut must not go ahead 👇
Here’s a rundown of just some of the reasons why the cut must not go ahead 👇
✂️It would be the biggest overnight cut to the basic rate of social security since WWII
📉It risks repeating the same mistakes made after the last economic crisis where our country’s recovery was too often not felt by people on the lowest incomes
📉It risks repeating the same mistakes made after the last economic crisis where our country’s recovery was too often not felt by people on the lowest incomes
💷It would put unnecessary financial pressure on around 5.5 million families, in and out of work
👨👦It risks pulling 500,000 people into poverty, including 200,000 children
👨👦It risks pulling 500,000 people into poverty, including 200,000 children
