Re: Benefits and all the price rises

PipsPurple

When you are on the lowest of the low benfits does this budget help those who are already living hand to mouth with the energy price rises and the cost of living rises

peteuk

To some degree, depends on your circumstance.

Crackdown on Universal Credit rules

The Government had already announced changes for Universal Credit claimants, which come into force next week . The Administration Earnings Threshold (AET) will be increased, affecting around 114,000 people who currently receive Universal Credit and how much they will have to look for work. 

Currently, Universal Credit claimants are required to carry out a ‘light-touch’ job once they work more than nine hours a week on the national living wage - compared to the ‘intensive work search’ required if they work less than these hours. This threshold will rise to 12 hours from Monday - and the Government plans to raise it again in January to 15 hours a week, affecting another 120,000 people.

However COL payment will help.

All the talk of tax cut helping the rich is simple maths.

1% of £100 is a pound,  1% of £1000 is £10.  So any drop in income tax means the more you earn the more you gain. Equally the more you earn the more your likely to have in disposable income, so less likely to be effected by the rising in COL. 

Spoonie_Turtle

To quote the sticky at the top of the board:

"Its about helping people get their entitlement! Not about benefits policy!"

(Okay, in 15 ½ years surely someone could have added in the missing apostrophe … )

poppy12345

Did you have a question related to benefits entitlement?

Muttleythefrog

Some hint the government is going to roll back against index linked benefit rises next April....so expect even worse to come. The budget of course contained next to nothing for the poorest... the PM has made clear who are priorities.

nayathepsychic

peteuk said:

To some degree, depends on your circumstance.

Crackdown on Universal Credit rules

The Government had already announced changes for Universal Credit claimants, which come into force next week . The Administration Earnings Threshold (AET) will be increased, affecting around 114,000 people who currently receive Universal Credit and how much they will have to look for work. 

Currently, Universal Credit claimants are required to carry out a ‘light-touch’ job once they work more than nine hours a week on the national living wage - compared to the ‘intensive work search’ required if they work less than these hours. This threshold will rise to 12 hours from Monday - and the Government plans to raise it again in January to 15 hours a week, affecting another 120,000 people.

However COL payment will help.

All the talk of tax cut helping the rich is simple maths.

1% of £100 is a pound,  1% of £1000 is £10.  So any drop in income tax means the more you earn the more you gain. Equally the more you earn the more your likely to have in disposable income, so less likely to be effected by the rising in COL. 

This is true in theory but you don't mention the 4 year freeze of the threshold which means a lot of people will be worse off pretty soon. They give it with one hand and snatch it away with the other.