finance

Budget 2021 LIVE – Rishi Sunak speech reaction and what cigarette, alcohol, minimum wage & pension changes mean for YOU


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 today.

It will mean two million families will keep, on average, an extra £1,000 a year.

Rishi said today: “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.





READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.  Learn more