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28.10 - 09:13
Budget 2021: Sunak softens universal credit cuts to tackle squeeze on families
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Rishi Sunak has bowed to intense pressure with a partial reversal of universal credit cuts as he announced measures at the budget to deal with a squeeze on households this winter with lower alcohol and fuel duties.
In a budget statement aiming to move on from the coronavirus pandemic, the chancellor said he would launch reforms to universal credit worth more than £2bn to soften the blow from the biggest ever overnight cut in benefits earlier this month.
Sunak said the taper rate in universal credit, which reduces the amount a benefit claimant can earn from work, will be reduced from 63p in the pound at present to 55p from no later than 1 December.
It comes as the chancellor benefits from an improved growth outlook after a faster economic
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