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

Senior/Principal Regeneration Officer

Fareham Borough Council
£45,465 - £55,379
Our town centre regeneration is moving from planning to delivery, and we're looking for someone who wants to help make regeneration happen. Fareham, Hampshire
Recuriter: Fareham Borough Council

Chief Executive

Hammersmith & Fulham London Borough Council
Competitive Salary
If you share that attitude and have the skills and experience to deliver, you could be our next Chief Executive. London (Greater)
Recuriter: Hammersmith & Fulham London Borough Council

Coroner's Officer

Essex County Council
£30404.0000 - £35769.0000 per annum
Coroner's OfficerFixed Term, Full Time£30,404 up to £35,769Location
Recuriter: Essex County Council

Coroner's Officer

Essex County Council
£30404.0000 - £35769.0000 per annum
Coroner's OfficerFixed Term, Full Time£30,404 up to £35,769 per annumLocation
Recuriter: Essex County Council

Armed Forces Commissioner

Ministry of Defence
£170,000 per annum
This is a unique opportunity to serve as the independent champion for Service personnel London (Greater)
Recuriter: Ministry of Defence
Linkedin Banner