• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
  • Guest Content
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Opinion
    • Elevenses
  • Business
  • Food
  • Travel
  • Property
  • JOBS
  • All
    • All Entertainment
    • Film
    • Sport
    • Tech/Auto
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Opinion
    • Elevenses
  • Business
  • Food
  • Travel
  • Property
  • JOBS
  • All
    • All Entertainment
    • Film
    • Sport
    • Tech/Auto
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
No Result
View All Result
The London Economic
No Result
View All Result
Home News

Almost 2 million adults to be at least £1,000 worse off a year under Universal Credit

A new report into Universal Credit has concluded that around 1.9 million adults will be over a thousand pounds worse off, per year, under the new benefit system. The analysis found that UC disproportionately reduces incomes among poorer adults and disabled people will also be hit hard. Those in the lowest-income 10% of the population […]

Joe Mellor by Joe Mellor
2019-04-24 10:16
in News
FacebookTwitterLinkedinEmailWhatsapp

A new report into Universal Credit has concluded that around 1.9 million adults will be over a thousand pounds worse off, per year, under the new benefit system.

The analysis found that UC disproportionately reduces incomes among poorer adults and disabled people will also be hit hard. Those in the lowest-income 10% of the population on average lose the most from Universal Credit – equating to £150 per year per adult – it said.

The effects of Universal Credit on people with disabilities is particularly significant and worrying. After transitional protections expire, those who would have been entitled to the “severe disability premium”, might receive as much as £2,230 per year less in Universal Credit than they would have under their old benefit income methods, the The Institute for Fiscal Studies found.

The IFS said 11 million adults would lose or gain under new these new rules governing UC payments, with 1.6 million gaining by more than £1,000 a year and 1.9 million losing at least that much.

Universal Credit, which is available to some people who are on low incomes or out of work, replaces six other benefits.

Tom Waters, research economist at the IFS and an author of the briefing note, said: “The biggest losses experienced as a result of the switch are mostly down to a small number of specific choices the Government has made about Universal Credit’s design, such as its treatment of the low-income self-employed and people with financial assets.

“Many of those very large losses do turn out to be temporary for those concerned.

“However, even when measuring people’s incomes over relatively long periods, Universal Credit still hits the persistently poor the hardest on average.”

https://www.thelondoneconomic.com/news/watch-disabled-man-given-just-1p-universal-credit-to-live-on-over-christmas/02/01/

RelatedPosts

Jack Whitehall muted by Sky after joking about Rupert Murdoch

‘He is like a dose of diarrhoea’ – Carol Vorderman mercilessly mocks Boris Johnson

Russian authorities race to remove new war film as footage gets shared on social media

Driver mounts pavement and drives through pedestrians to avoid Just Stop Oil protest

Content Protection by DMCA.com

Since you are here

Since you are here, we wanted to ask for your help.

Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.

Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.

If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.

To donate or subscribe to The London Economic, click here.

The TLE shop is also now open, with all profits going to supporting our work.

The shop can be found here.

You can also SUBSCRIBE TO OUR NEWSLETTER .

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending

Elevenses: The Thing About Wrexham’s Cinderella Story

Elevenses: Exposing the Tories’ Deepfake Illegal Immigration Bill

Elevenses: Rishi’s Finest Hour

More from TLE

Michael Palin awarded honorary doctorate from St Andrews

Legislators’ protests mar formal opening of European Parliament

Yob who splashed urine & spat at police while claiming he had Covid is jailed

Jim Davidson’s verdict on BBC’s Lineker saga is even worse than you’d think

Brexitland trends as Brit wine wholesaler quits UK and video about damage to chemical industry goes viral

Forgotten Film Friday: Elephant

Ed Sheeran failed music college

Premier League 2014/15 Preview

TLE…meets SketchFest

The Domino Defect: Support for EU remains high among member countries

JOBS

FIND MORE JOBS

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

Contact

Editorial enquiries, please contact: [email protected]

Commercial enquiries, please contact: [email protected]

Address

The London Economic Newspaper Limited t/a TLE
Company number 09221879
International House,
24 Holborn Viaduct,
London EC1A 2BN,
United Kingdom

SUPPORT

We do not charge or put articles behind a paywall. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing and support real, independent, investigative journalism.

DONATE & SUPPORT

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.