Government Announces Increase in Universal Credit Allowance and Key Welfare Reforms

In her Spring Statement, Chancellor of the Exchequer, Rachel Reeves, declared a rise in Universal Credit standard allowance to reform the welfare system.

Labour Government's Achievements

Ms. Reeves highlighted the government's achievements post-election, emphasizing a commitment to national renewal and security for working people.

Universal Credit Changes

The Universal Credit standard allowance is set to increase, while the health element faces a reduction for new applicants, according to Reeves. The reforms aim to save £4.8 billion in the welfare budget.

Positive Growth Impact

Reeves noted the substantial impact of the government's planning changes, predicting a significant growth impact and emphasizing the need for long-term decisions for economic growth and reforms.