UK's poorest families benefit

This is a news story, published by Guardian, that relates primarily to Treasury news.

News about United kingdom business & economics

For more United kingdom business & economics news, you can click here:

more United kingdom business & economics news

Guardian news

For more news from Guardian, you can click here:

more news from Guardian

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like this article about United kingdom business & economics, you might also like this article about

poverty reduction

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest child poverty news, charity Save news, news about United kingdom business & economics, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

year child poverty strategy framework

Guardian

•

More than 1m households to get £420 budget boost in universal credit change

Summary

Nutrition label

78% Informative

The Fair Repayment Rate is expected to come into force next April .

It will cap the amount that can be cut from benefit payments each month to repay short-term loans and debts.

Move would cap the level of monthly deductions to individuals’ universal credit standard allowance at 15% , rather than the current 25% ..

In a separate budget announcement, the Treasury announced a boost to social housing, with an additional 500m to be given to the government’s affordable homes programme. Additionally, housing associations will be allowed to set rents for five years , giving them more stability to invest in extra housing. They will be allowed to raise rent by the consumer price index level of inflation plus 1% each year . The BBC reported that the chancellor will increase the amount employers pay in national insurance to raise 20bn for public services. Reeves is also expected to lower the threshold for when employers start paying the tax..

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful