Massive UC shake-up so 2 million can keep an extra £1,000 a year
MILLIONS of Brits on Universal Credit WILL be able to keep more of what they earn, Rishi Sunak confirmed yesterday.
It will mean two million families will keep, on average, an extra £1,000 a year.
Rishi said: “To make sure work pays, and help some of the lowest income families in the country keep more of their hard-earned money… …I have decided to cut this Rate, not by 1%, not by 2% – but by 8 per cent.
“This is a tax cut next year worth over £2bn. Nearly 2 million families will keep, on average, an extra £1,000 a year.
“Changes like this normally take effect at the start of the new tax year in April. But I want to help people right now.
“So we’ll introduce this within weeks, and no later than December 1st.”
He claimed a single mum of two renting a home and working full time on the minimum wage would be better off by £1,200.
