Rachel Reeves has discovered a raft of new reductions in use – with millions of Britons being affected.
The chancellor confirmed that the Universal Credit Health Supplement would be halved for new applicants from next year, and then froze in the amount of £ 50 per week by 2030.
2
Chancellor Rachel Reeves on the way to deliver your Spring alovecredit: Alamy
2
In her spring statement, she also slightly reduced the expected standard universal credit rate for 2029–30, with a previously planned £ 107 to £ 106 per week – returning extra money for the treasury.
The completed cuts came after the British fiscal guard broke the original forecast of the LABOR, warning that the reforms would save £ 1.6 billion less than planned.
She said to the deputies: “Today, they said that they were evaluated that the package would save £ 4.8 billion in a budget for the benefit that reflects their judgments of behavior effects and wider factors.
“This also reflects the final adjustments to the overall package, in accordance with the statement of the Secretary of State Last week, and the Government paths to the work of green papers.
“The universal credit standard will increase from £ 92 per week at £ 2025-26 to £ 106 per week by 2029-30, while the Universal Credit Health Element will reduce by 50 PC and then freeze for new applicants.”
She said that “the consumption of well-being as GDP will fall between 2026-27 and the end of the forecast.”
Mrs. Reeves added: “We reform our social welfare system, making it more sustainable, protecting the most vulnerable and supporting more people back into business.”
A fresh grip comes at the top of last week’s disability, and is expected to influence millions of applicants in the years ahead.
This move should cause even more anger among MPs, unions and charity associations – and could grow even more because the full impact of the cuts becomes clear in official documents published today.
Mrs. Reeves and her team have already been attached to relegation, knowing that the estimates of influence published will show with the spring statement that the poorest affected.
Some labor has already threatened to give up proposed freezing for personal independence payment (PIP), which is ultimately omitted from the work and pension secretary Liz Kendall’s original social welfare package.
What is the universal credit standard?
The universal loan is a scheme of well -being that was designed to combine several old “inherited advantages
The standard supplement is the basic monthly payment provided by individuals or families who qualify.
The amount you receive depends on your age and are you free or in a couple:
Single, below 25: £ 311.68 (£ 316.98 from next month)
Single, 25 or more: £ 393.45 (£ 400.14 from next month)
Pair, both younger than 25: 489.23 £ (£ 497.55 from next month)
Pair, one or 25 or more: £ 617.60 (£ 628.09 from next month)
You can also have the right to additional amounts if you have children, you have a disability or health condition or you need help with housing costs.
The chancellor was forced to take action after the British official budget guard dropped the original figures of Mrs. Reeves and warned that the overhaul of the welfare of Labour would not save as much as it was promised.
The Budget Responsibility Office said that the Government overrated the savings for £ 1.6 billion.
Instead of dropping her strict fiscal rules, the chancellor decided to go stronger – to discover new cuts and savings driving in the amount of £ 15 billion through the Government.
Last week, Mrs. Kendall discovered a great suppression of the benefits they aim to save £ 5 billion a year.
Other key changes include:
- Connecting job support and employment supplement, with a system that assigns greater payments to those who have work history compared to those who are not.
- The abolition of work capacity (toilet) assessment by 2028, and all health -related payments will be switched to PIP in the future.
- Prohibition of under 22 years of age to fully seek fees for inability to Universal Credit.
- Temporary introduction of increase above inflation to the standard universal credit (until 2028), reducing the highest payment of incompetence.
- Increasing a threshold of eligibility for PIP, reaching £ 3.4 billion a year.
- Launching a “guarantee of the right to work”, allowing unemployed individuals to try to return to work without loss of benefit if they consider them unsustainable.
Changes will make it difficult to seek disability payments such as PIP from 2026, with strict tests and more face-to-face estimate.
A work capacity assessment will be abolished in 2028 and was replaced by a single test based on PIP.
The new applicants for inability will see that their payments have reduced £ 97 to £ 50 a week, while their existing payments will freeze by 2030.
Under-22’s will lose access to compensation for incompetence, and young people may have to wait until 18 instead of 16 to move on to PIP.
But those with difficult, lifelong conditions will be protected – without more re -examinations and new premiums to compensate for their payments.
At the same time, job seekers will increase £ 775 for their universal loan by 2030, and the new rules will ensure that attempted work will not risk it to lose your benefits.
Mrs. Kendall also promised a packet of support in the amount of one billion pounds to help people with disabilities go to work, with more assistance, technology and training to stay at work.
What is the spring statement?
Ryan Sabey, Deputy Political Editorhele Reeves makes a spring statement – almost fifty years after the first such “mini budget” was delivered. The statement, which was delivered over the years and spring over the years, began in 1976 at the end of the year. The law passed in 1975 to ensure that their opponents and opponents were opponents for opponents for opponents to be opponents to be opponents for opponents and opponents who were in the opponent. He insisted that there will be only one major fiscal event with a budget planned for the fall every year – so there is no tax pores or reduction this year. The predecessor of Gordon Brown held a budget in the fall and provided every fall in front of the Budget Report, which delivered in Offit, until 2010, to 2010 and George, in 2010, at 2010, in 2010, to 2010, also to dissect the state of economy -proof of a five -year forecast twice a year. But the latter did not request the prognosis of the short -term Prime Minister Liz Truss 2022, despite their mini -budget containing a series of reductions in tax that cause market growth
Categories: Optical Illusion
Source: HIS Education