The coronavirus outbreak has hit the UK, affecting people not only in terms of health, but also having an impact on the economy and millions of people’s finances. This week, Chancellor of the Exchequer Rishi Sunak has announced an increase to Universal Credit, of £1,000 over the year.
Over the course of one year, this increase to the standard allowance works out at roughly an additional £83 per month.
Following the news, Polly Neate, chief executive of Shelter, said: “For the many thousands of people worrying about how they will pay rent, keep the lights on, and keep food in the fridge, today’s announcement will be a great relief.
“These are vital measures to strengthen the safety net and to keep people in work and they will significantly reduce the numbers of people at risk of losing their home.
“We are already hearing from people who are rapidly losing work and we think the Government may need to further increase Housing Benefit to cover average rents as well as introduce other…