Speaking in the House of Commons he said, ‘Universal Credit is here to stay, and we are putting in the funding to make it a success. Because we believe that work should always pay.
‘The switch to Universal Credit is a long overdue and necessary reform.’
However, he said he recognised concerns about the implementation of the programme and about the rates and allowances, announcing an increase to work allowances – the amount people can earn before they start to lose money, and more funding for the roll-out of the system.
The Chancellor also announced increases to the national living wage and the rate at which people start paying income tax.
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