Announcing the Budget in the House of Commons today (3 March), the Chancellor of the Exchequer committed to continue the temporary increase in Universal Credit until September.
He also vowed to make a one-off payment of £500 to eligible Working Tax Credit recipients across the UK.
The commitment comes as research from Action for Children finds that the six-month extension will see an estimated 2.5m families with children currently on Universal Credit or Working Tax Credits miss out on a combined total of £1.3bn across the 2021/22 financial year – equal to each family losing £520 in a year - compared with a permanent uplift.
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