Will there be a boost to benefits in the mini-budget?
Rishi Sunak could make big Universal Credit change that gives low paid workers wage boost
He could slash the Universal Credit taper rate even further to help the lowest paid get another tax cut.
In what was a huge win for The Sun’s Make Universal Credit Work campaign, the Chancellor slashed 8p from the hated in-work penalty last year.
It meant Brits in work and on benefits saw up to a £1,000 a year boost, and helped nearly half a million workers.
And speculation is mounting he could go even further tomorrow.
The taper is currently set at 55p for every pound that Brits on the flagship benefits system earn over their work allowance – but The Sun has long campaigned for this to be reduced to 50p.
The Chancellor also could raise the amount of money that can be earned before the effective tax kicks in.
The monthly Work Allowance is set at £293 if your Universal Credit includes Housing Support, and £515 if it doesn’t.
Mr Sunak has also been urged to increase benefits by more, though this is unlikely to happen.
They will rise within weeks by 3.1% which is the inflation rate for September, but that was before prices rocketed.
Inflation is currently at 6.2% the latest figures released today show.
That means that although benefit payments are going up, it’s not as much as prices, meaning you could feel worse off over all.
