What are your thoughts on today's budget?
Cher_Alumni
Scope alumni Posts: 5,714 Championing
This afternoon Chancellor Rishi Sunak has delivered his latest budget to the House of Commons. Setting out the government's financial plans for the year ahead, his words were widely anticipated as many people continue to struggle through the fallout of the coronavirus pandemic.
In this thread, @Woodbine shared that the Universal Credit uplift of £20 a week will continue for the next 6 months and those on tax credits will get a one-off payment of £500. But what other nuggets of importance did you take away from today's budget?What's the lowdown?
This BBC news article lists key points of interest as including:- Furlough to be extended until the end of September
- Government to continue paying 80% of employees' wages for hours they cannot work
- Employers to be asked to contribute 10% in July and 20% in August and September
- Support for the self-employed also to be extended until September
- 600,000 more self-employed people will be eligible for help as access to grants is widened
- Minimum wage to increase to £8.91 an hour from April
Over to you:
- What are your thoughts?
- Do you think those on legacy benefits should also have received the £20 uplift?
- Has the budget gone far enough?
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Comments
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It sounded fair considering how much has been spent recently.
there is just one thing, having never done economics I don’t understand who exactly we’ve borrowed billions from which need to be paid back? If it’s the IMF then where do they get their money from?
ok, I’ve answered my one question and if any one else is interested then the answer can be found here
https://www.bbc.co.uk/news/business-50504151
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@Cher_Scope can you check that it's 20.00 a week for uc uplift as if that's the case I am owed money my uc only went up by 20.00 a month thank you0
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@lisathomas50 Yep it's definitely weekly. Taken from the Government website:
- Six-month extension of the £20 per week Universal Credit uplift in Great Britain, with the Northern Ireland Executive receiving additional funding to match the increase. A one-off payment of £500 to eligible Working Tax Credit claimants across the UK.
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@lisathomas50 yes it is definitely per week mine went up bu over £80 per month due to it being paid calendar month and not weekly0
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Then I am owed money my support worker has just looked I haven't had any uplift payments at all the 20.00 extra I though was me finishing my loan repayments0
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Thank you everyone0
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Sounds like you need to give them a call
It should show as extra on your basic allowance if you check your statements
Compare statements from last feb against this feb0 -
SheffieldBloke1976 said:Meh, I'm on enhanced PIP, will I get the extra 20 quid a week?1
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@janer1967 checked all my statements uc are going to check now as they can't find any up lift payments
Will I get it back dated or will I have lost out and only start from next month please and thank you ?0 -
lisathomas50 said:@janer1967 checked all my statements uc are going to check now as they can't find any up lift payments
Will I get it back dated or will I have lost out and only start from next month please and thank you ?0 -
lisathomas50 said:Then I am owed money my support worker has just looked I haven't had any uplift payments at all the 20.00 extra I though was me finishing my loan repayments1
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Hi @lisathomas50
If you're on a single claim and receiving £409.89 a month as your standard allowance then you will have received the uplift.0 -
@calcotti my money hasn't changed since last April uc have said there is no uplift payments on my claim. Its being looked into0
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@janer1967 409.00 I have gone back as far as April0
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lisathomas50 said:@janer1967 409.00 I have gone back as far as April
It’s also my understanding that it’s handled automatically by their computer system so it’s not possible for someone not to be receiving it.
As you’ve confirmed your UC standard allowance is £409.89 a month, you’ve already confirmed you’re receiving the uplift.1 -
@Cher_Scope so has the uplift been going a year already as I have 409.00 since last April0
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lisathomas50 said:@janer1967 409.00 I have gone back as far as April
You'll also notice the difference when the amounts drop again in October!0 -
I hot my first uplift in my may payment as I get paid at beginning of month so didnt get it till may
As everyone has said the amount you are getting includes the uplift0 -
@Adrian_Scope my support worker totally threw me thats why I needed to check it thank you
If I was still on esa in the support group would I have been better off than uc0 -
Sorry everyone I don't normaly take any notice I am grateful for any amount of money I get my support worker convinced me and the poor woman on the phone I wasn't getting It
Thank you everyone I can see now looking from before the uplift
To be fair as long as I can pay my bills and have my house and food then all is ok again I apologise0
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