Michael Burton 08 November 2021

IFS reveals scope of Universal Credit

IFS reveals scope of Universal Credit image

Budget changes to Universal Credit mean families with well above-average earnings and even paying 40% rates of tax could be entitled to the benefit, according to an Institute for Fiscal Studies (IFS) report.

Although chancellor Rishi Sunak refused to maintain the extra £20 a week rise introduced in the pandemic, he did reduce the loss of entitlement for every extra £1 of earnings from 63p to 55p.

Mr Sunak also made other changes, bringing another 600,000 families into the system to take the total number of recipients to 7m or 26% of all working age families.

Tom Waters, a senior research economist at the IFS, said: ‘The reach of Universal Credit is perhaps much wider than is commonly understood.

'We are now in a situation in which lone parents and single earner couples with children, paying average sorts of rents, will still be entitled to Universal Credit when their earnings reach £50,000 and beyond.’

SIGN UP
For your free daily news bulletin
Highways jobs

Governance Officer - Basildon Borough Council

Essex County Council
Up to £20.3700 per hour
Governance Officer - Basildon Borough CouncilBasildon, Essex £20.374 PAYE / £26.129 UmbrellaTemp-to-Perm36.25 Hours per Week Closing Date
Recuriter: Essex County Council

Service Manager – Experts at Hand

Wigan Council
£68,885- £70,904
You will play a central part in delivering our boroughwide Progress with Unity movement Wigan, Greater Manchester
Recuriter: Wigan Council

Educational Psychologists

Wigan Council
£53,554 - £63,638
Would you like to join a forward-thinking and supportive team of Educational Psychologists committed Wigan, Greater Manchester
Recuriter: Wigan Council

Senior Educational Psychologist

Wigan Council
£65,423 - £68,884
Would you like to join a forward-thinking and supportive team of Educational Psychologists committed t Wigan, Greater Manchester
Recuriter: Wigan Council

Assistant Educational Psychologist

Wigan Council
£37,265- £41,616
We are looking to recruit two 2-year fixed-term, full-time Assistant Educational Psychologists Wigan, Greater Manchester
Recuriter: Wigan Council
Linkedin Banner