“Universal credit” austerity
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Millions of people who claim welfare benefits could see them scrapped - and replaced with one “universal credit” under a deal agreed with the Treasury… saving £9 billion a year.
The Work and Pensions Secretary Iain Duncan Smith has managed to secure a deal getting rid of dozens of payments, including housing benefit, income support, and incapacity benefit, according to The Times.
Under the new rules, anyone taking a job will be told they are guaranteed to be better off than if they remained on the dole. And anyone still claiming will be allowed to keep more of their benefits when they get a job or increase their working hours - possibly as much as 65p for every pound they earn, says the Times.
Due to their pay wall… go here instead for more!
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