The Chancellor is reportedly in talks to give six million vulnerable households a one-off £1,000 Universal Credit support grant under plans to scrap a £20-a-week lifeline in April. Sources said the initiative would replace the £1,040 a year Universal Credit increase introduced last year, despite MPs voting to extend the support amid rising Covid infection rates. It’s understood that as many as 6million people could qualify for it, with Rishi Sunak claiming it could help reboot the economy. But what do the payments mean for you – who qualifies and how can you access it? We take a look at the small print as ministers prepare to cut back on Covid support. Will I qualify for the £1,000 payment? It is understood that the payments would replace the extra £20 a week – or £1,040 a year – boost introduced last April to help finance those who had lost their jobs – or income – during the pandemic. It would be available to benefit claimants – mainly those facing a financial crisis, such as unemployed or unable to cover essential expenses. Is it better than the extra £20 a week allowance? Universal Credit was raised by £1,040 for the 2020/21… Read full this story
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