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Budget 2021: who wins and who loses?
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2021-22 Their universal credit payments were worth £412 a month between April and September – reduced to £325 a month for the rest of the year after the £20 a week “uplift” was withdrawn in October. Housing payments depend on the property and where they rent. That aside, they receive £4,418 during the year.
2022-23 Although their UC payments now rise by inflation (3.1%) to £335 a month, their payments are considerably lower than during the first half of 2021.
Verdict Overall they will be £400 a year worse off this year.
2021-22 She pays £4,284 a year in income tax while national insurance accounts for a further £2,932. This gives a net annual income of £26,784 or £2,232 a month.
2022-23 Her income tax take will remain the same. However, the
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