Universal Credit (UC) cuts could remove work incentives
social landlords have warned. Unconfirmed reports suggest that George Osborne
is considering making savings by changing the taper rate in UC, so that claimants
lose more benefit for every £1 they earn. Currently, UC claimants lose 65p in
benefit for every £1 they earn over a threshold, however the chancellor would
allegedly raise this to 75p in the 25 November Spending Review, in order to pay
for measures to soften controversial tax credit cuts. The Chartered Institute
of Housing, said the government’s claims that Universal Credit makes people
better off in work would “evaporate” if the taper was increased to 75p. Read
more on Inside Housing.
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