Universal Credit claimants will be able to keep more of the benefit as they earn more, as part of a £2.2 billion tax cut to help low-paid families with the cost of living and "reward work".
The taper rate will be cut by 8% "within weeks", bringing it down from 63% to 55%, Chancellor Rishi Sunak announced in his Autumn Budget on Wednesday as he decried the "hidden tax on work".
The taper rate is the amount of benefit taken away from every £1 earned above the claimant's work allowance - meaning claimants will now be able to keep an additional 8p per £1 of net income.
The move, which will take place no later than December 1, will ease the burden on claimants who are in work by providing more of an incentive to increase their hours.
Read more on dailyrecord.co.uk
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