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What changes will universal credit bring this October?

E.L.James
E.L.James Posts: 80 Forumite
in Debate House Prices & the Economy
As everyone knows the unemployment numbers are fudged. Unemployment is growing if you include all the self employed who get working tax credits but make a loss year upon year.

What changes will universal credit bring this October? If they are not making min wage per hour they will be added to the unemployment numbers. That is what is proposed at the moment, starting in October. If there are no changes or its not postponed yet again, in October the unemployment numbers are going to shoot up!
The GFC used to stand for global financial crisis. Now it stands for the global financial catastrophe.
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Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    E.L.James wrote: »
    if you include all the self employed who get working tax credits but make a loss year upon year.

    How do the self employed make a loss every year?
  • Radiantsoul
    Radiantsoul Posts: 2,096 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    My guess the unemployed figures will be about the same after October as they are now.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Radiantsoul wrote: »
    My guess the unemployed figures will be about the same after October as they are now.

    Number of people in employment however is increasing. So a few green shoots of recovery.
  • Linda_D_2
    Linda_D_2 Posts: 1,891 Forumite
    E.L.James wrote: »
    Unemployment is growing if you include all the self employed who get working tax credits but make a loss year upon year.


    How much tax credits does a self employed person get?

    Say if they were selling £10 of rubbish a week on ebay, how much more would they get in tax credits?
  • E.L.James
    E.L.James Posts: 80 Forumite
    Most self employed say they are working 30hrs to get the max amount. There are millions who are not on JSA but instead just say they are working 30hrs and getting about the same as JSA but its called working tax credit. Then they dont have to sign on every 2 weeks.

    In October they will either have to earn min wage for 30hrs or be included in the JSA numbers.
    The GFC used to stand for global financial crisis. Now it stands for the global financial catastrophe.
  • chewmylegoff
    chewmylegoff Posts: 11,469 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    How many people are doing that? Have you got any stats to back up the claim that "millions" of people are claiming WTC whilst self employed?
  • antrobus
    antrobus Posts: 17,386 Forumite
    E.L.James wrote: »
    As everyone knows the unemployment numbers are fudged. Unemployment is growing if you include all the self employed who get working tax credits but make a loss year upon year......

    And I suppose you know this, in the same way as you know that there are millions of empty properties in the UK, even though you claim that there isn't a way of finding out how many empty properties there are.
    E.L.James wrote: »
    .... If there are no changes or its not postponed yet again, in October the unemployment numbers are going to shoot up! .....

    You are DLW and I claim my £10. :)
  • E.L.James
    E.L.James Posts: 80 Forumite
    chewmylegoff wrote: »
    How many people are doing that? Have you got any stats to back up the claim that "millions" of people are claiming WTC whilst self employed?

    We will see after October as long as they do not postpone again.
    The GFC used to stand for global financial crisis. Now it stands for the global financial catastrophe.
  • chewmylegoff
    chewmylegoff Posts: 11,469 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    E.L.James wrote: »
    We will see after October as long as they do not postpone again.

    So no evidence and you are just guessing?
  • LydiaJ
    LydiaJ Posts: 8,083 Forumite
    Part of the Furniture Combo Breaker Mortgage-free Glee!
    It's being introduced gradually starting in October and ending by 2017, so I don't suppose anything will change very suddenly.
    Do you know anyone who's bereaved? Point them to https://www.AtaLoss.org which does for bereavement support what MSE does for financial services, providing links to support organisations relevant to the circumstances of the loss & the local area. (Link permitted by forum team)
    Tyre performance in the wet deteriorates rapidly below about 3mm tread - change yours when they get dangerous, not just when they are nearly illegal (1.6mm).
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