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Autumn Statement: Hammond 'reinforces' Universal Credit with benefit tweaks

Phillip Hammond has announced an overhaul of the speed at which benefits are withdrawn under Universal Credit.

By Thomas Bridge | 23 November 2016

Phillip Hammond has announced an overhaul of the speed at which benefits are withdrawn under Universal Credit.

Delivering his Autumn Statement, the chancellor revealed that from April 2017 the rate at which benefits are reduced as a claimant earns more would fall from 65% of payments to 63% - meaning 63p would be withdrawn for every pound of net earnings.

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Popular articles by Thomas Bridge

  1. 'United action necessary' as homelessness numbers soar
  2. Hammond expected to tackle housing, care and 'Jams'
  3. Making change happen
  4. Commission launched to 'rethink' economy
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