Rachel Reeves is expected to make announcements affecting people across society, from benefit claimants to people who pay inheritance tax
Labour’s first budget in over a decade is imminent and Chancellor Rachel Reeves is expected to make a number of changes. While capital gains, inheritance tax and pensions are predicted to be targeted to plug the Conservatives’ £22billion “black hole”, some changes could hit benefit claimants too - either now or soon.
The Guardian reported that a new repayment cap could be introduced, limiting the amount that can be deducted from a person’s benefits to repay loans or debts. On Universal Credit payments, this could see the current 25% deduction rate taken down to 15%. PIP is in the midst of a complete overhaul, with some proposals already being announced since Labour took to power as the party emphasised getting claimants who are able to work back into the workforce. Proposals for this overhaul included replacing the financial support PIP provides with vouchers, grants or even therapy.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DWP urged to overhaul Universal Credit to help low-income workersA study by the University of Bath has revealed the system is in dire need of a review, with a number of recommendations being made by the Institute for Policy Research (IPR) at the university
Read more »
Thousands of families claiming DWP Universal Credit asked to supply bank statements for benefit checkPeople claiming Universal Credit are being asked to provide bank statements to DWP – but it’s NOT part of the new government crackdown
Read more »
DWP to move these four groups of people onto Universal Credit four years earlier than plannedThe government department has confirmed plans for those on older benefits to move over to Universal Credit – here's how it will work
Read more »
DWP contacting 2 million people over major Universal Credit changeThe Department for Work and Pensions, as part of its 'managed migration' process, will write to people affected by the change by the end of December next year
Read more »
Universal Credit claimants told to submit bank statements in DWP clampdownThe DWP is reviewing thousands of Universal Credit claims and is asking people to supply several months of bank statements so they can see their benefit payments are correct
Read more »
DWP issues warning to families on Universal Credit as investigation launched into appFamilies claiming DWP benefits have been urged to look out for a Universal Credit scam involving a fake app and scam texts
Read more »