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Universal Credit UK: DWP confirms several changes to benefit will occur - full details | Personal Finance | Finance

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He said: “It will be a huge relief for people on Universal Credit to not face a cut to their benefits next month.
“But with a challenging recovery ahead of us, this is a stopgap.
“A six-month extension kicks the can down the road, only to leave millions facing financial cliff edge in the autumn.
“We urge the Government to think again. The Universal Credit uplift must be kept for at least a year to help people pick up the pieces from this crisis.”
To provide further support, the DWP has also confirmed a slight change to advance payments of Universal Credit. ....

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Universal Credit UK: DWP increase may be extended by Rishi Sunak in today's Budget | Personal Finance | Finance

| UPDATED: 06:53, Thu, Mar 4, 2021
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Universal Credit payments have proved a lifeline for millions of people throughout the toughest times of the COVID-19 pandemic. To help alleviate financial struggles, the Department for Work and Pensions (DWP) which oversees the benefit, decided to create a £20 weekly increase to the sum. The £20 increase per week roughly calculates to an extra £1,000 annually, providing important support for families on Universal Credit. ....

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GBP/USD & FTSE 100 React to Latest UK Budget Announcement

GBP/USD & FTSE 100 React to Latest UK Budget Announcement
2021-03-03 13:40:00
Justin McQueen,
Analyst
GBP & FTSE 100 See Muted Reaction to Budget Announcement
UK Budget Remains Pro-Growth
UK Budget Brief Recap
UK Labour Market: As widely expected, the UK Chancellor confirmed an extension of furlough scheme until the end of September. The Universal Credit Uplift will continue for an additional 6-months.
Business Support Measures: The Chancellor announced a super deduction to reduce tax bills if businesses invest, allowing for firms to reduce their tax bill by 130% of the cost of investment.
Taxes: Corporation tax will increase to 25% from 19% by Spring 2023. However, the UK will not be increasing income tax, national insurance or VAT. ....

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Universal Credit: Rishi Sunak warned Britons face 'financial turmoil' if £20 increase cut | Personal Finance | Finance

| UPDATED: 20:42, Wed, Feb 24, 2021
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Universal Credit is intended to help the many people who are either on a low income or unemployed across the UK. As a result of the pandemic, many more people have flocked to Universal Credit in order to make ends meet. Understanding the need for further financial support, the Department for Work and Pensions (DWP) issued a £20 per week uplift to the benefit to provide aid to families who may be struggling. ....

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Boris Johnson: Prime Minister provides important furlough & SEISS update to Britons | Personal Finance | Finance

BORIS JOHNSON has vowed not to pull the rug out on Britons when it comes to Government support measures going forward, in what is likely to provide reassurance to millions in receipt of help from schemes such as furlough and SEISS. ....

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