Universal Credit: DWP calls for support for Brits who need ‘more opportunities’ | Personal Finances | Finance
The universal credit is a payment intended to cover the daily expenses of people with low income, without work or unable to work. The amount received will vary from person to person depending on their circumstances, but Brits can expect to receive it on a monthly basis. However, research has asserted that these millions of low-paid workers, including those on universal credit, need more help.
“Companies have to lead the way and it’s a win-win situation that benefits from more qualified staff.
“This is how we are building back better and fairer, with more investment in our jobs, more training and more opportunities.”
Ms Coffey set up the Commission during a time of record unemployment, where concern grew for many Britons.
However, in the wake of the pandemic, the Commission’s attention turned to the structures needed to support levels of economic recovery.
She said: “We had record employment levels when I was asked to create this commission – and while that is important, it is only part of the story.
“As we look to the future, now is the time for government and business to work together to help people find jobs and, most importantly, move forward so they can increase their incomes and reach their full potential. potential. “
People can usually receive universal credit even if they are working or increasing their income slightly.
Under the current rules, the British can get the payment until their income is high enough, at which point the sum then stops.
For every £ 1 a person earns from their salary, their Universal Credit payment will be reduced by a total of 63 pence.
People who are eligible for the payment are usually encouraged to use a benefits calculator to see how a job or higher wages might affect what they receive.