Officials have drafted proposals to cut the “taper rate” – the proportion of earnings people can keep before their benefit payment is cut. The taper rate is currently 55%, meaning that for every pound someone earns above their personal work allowance, their universal credit payment is reduced by 55p. www.bbc.co.uk
Officials have drafted proposals to cut the “taper rate” – the proportion of earnings people can keep before their benefit payment is cut. The taper rate is currently 55%, meaning that for every pound someone earns above their personal work allowance, their universal credit payment is reduced by 55p.
www.bbc.co.uk