From PIP changes to future cuts to working-age benefits like Universal Credit, here are the benefit changes we may see in Labour's Budget 2024
We're all eagerly anticipating the Labour government's first post-election Budget 2024 – and first Budget in 15 years – which will be held later this month, on 30 October. In her first Budget, Chancellor Rachel Reeves will likely announce several changes across tax and public spending, as well as benefits, which can affect over 20 million people across the UK.
Photo credit : Shutterstock What we know so far about the Budget 2024: People around the UK are preparing for tax hikes and potential benefits losses: it's already been confirmed that around 10 million UK pensioners are no longer eligible to receive the Winter Fuel Payment. Let's start with the positives: those relying on benefits like Universal Credit may start taking home more money each month if benefits increase in line with inflation, like they have in past years.
In September, the New Statesman reported that Streeting hinted at potential cuts to working-age benefits when he said: 'I can understand why there will be some pensioners sat there thinking,"Well, why us? And what about others?" Well, there are other choices to come and these aren’t just Rachel’s choices to face up to, these are the choices of the whole government'.
If cuts do happen, they could adversely impact greater numbers than the 3.6m who currently receive PIP benefits. Those who apply in future could also be at risk of receiving less financial support as the DWP is urged to take a 'tougher stance' when reviewing new applicants for eligibility. The bill includes several measures which can impact benefits payouts in the future, including the living wage, unfair dismissal, zero-hours contracts, equal pay and more.
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