Labour s DWP Universal Credit PIP State Pension and cost of living plans

Published: Jul 08, 2024 Duration: 00:03:29 Category: News & Politics

Tags : Labour Party Benefits Cost of Living financial support DWP Changes Personal Independence Payment UK Benefits Universal Credit Universal Credit changes Labour s DWP Universal Credit PIP State Pension and cost of living plans universal credit uk dwp payments dwp bank account review universal credit payments DWP PIP State Pension Labour proposals welfare reforms Labour's plan benefits impact PIP reforms State Pension updates

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Intro [Music] welcome back to UK times your go to channel for the latest news and insights today we're breaking down Labor's plans for Universal Credit personal Independence payment pip state pension and addressing the rising cost of living if you're curious about how these changes could impact you stay tuned labor has vowed to Kickstart economic growth after 14 years of conservative rule but what does this mean for our benefit system from proposed increases in benefits to easing the financial burden for many we cover everything you need to know about Labor's vision for the future Labour's Manifesto highlights broad strategies for boosting employment particularly among disabled individuals they aim to reform or abolish the current work capability assessment which determines eligibility for Universal Credit and additional incapacity benefits this could significantly impact those currently sidelined by the system State Pension experts are sounding the alarm over the rising costs of pit according to Tom Waters from The Institute for fiscal studies the number of people receiving health related benefits has surged since the pandemic contributing to increased public spending labor has committed to maintaining the triple lock system for the state pension which ensures pensions increase annually by the highest of inflation earnings growth or a default minimum of 2.5% while there are concerns about its sustainability labor has promised to keep it for now providing security for pensioners they've stated we will keep the pension triple lock and give pensioners Security in retirement this means the state pension will continue to Cost of Living rise ensuring a steady income for our retirees the cost of living crisis has hit many hard and labor blams 14 years of conservative governance for Rising living costs while the current government has extended the household support fund labor hasn't proposed any additional cost of living payments yet however they have outlined measures to address this crisis labor argues that under the Tories living costs have sought by nearly £6,000 a year for the average family with significant increases in energy bills groceries and mortgages labor plans to tackle High Conclusion bills by launching Great British energy a publicly owned clean power company funded by a windfall tax on oil and gas giants this initiative aims to cut energy bills for good and insulate millions of homes to reduce energy consumption labor also promises to make work pay by Banning exploitative zero hours contracts and delivering a genuine living wage their New Deal aims to raise living standards and grow Britain's economy ensuring that Britain works for working people there you have it a comprehensive look at Labor's plans for Universal Credit pip the state pension and tackling the cost of living what do you think about these proposals let us know in the comments below and don't forget to like And subscribe for more updates and analyses on key issues affect you thanks for watching and see you next time thanks for watching this video hopefully this video will be helpful for you please subscribe our channel for more interesting videos and please don't forget like share and comment

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