(MENAFN) Changes announced at Chancellor Rishi Sunak's autumn budget last month - a reduction in the Universal Credit taper rate from 63% to 55%, along with a £500 per year increase to claimants' work allowances - will come into force today.
Changes declared in Chancellor Rishi Sunak's fall finances last month will take effect today, including a decrease in the Universal Credit taper rate from 63 percent to 55 percent, as well as a USD668.4 rise in claimants' work entitlements annually.
Claimants for Universal Credit will start getting information on how modifications to the benefits system will boost their earnings in the run-up to Christmas, however there are alerts that millions of people will be much worse in the long run.
Chancellor Rishi Sunak revealed a decrease in the Universal Credit taper rate from 63 percent to 55 percent in his fall expenditure in October, as well as a USD668.4 rise in claimants' job entitlements per year.
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