Universal Credit ‘taper rate’ cut by 8% to give claimants an extra £1,000 a year
Mr Sunak announced an increase in benefits for 40% of Universal Credit claimants as he unveiled his 2021 Autumn Budget and Spending Review in the Commons this afternoon
Chancellor of the Exchequer Rishi Sunak has announced today that the Universal Credit taper rate is to be cut by 8%.
Mr Sunak confirmed that the taper rate – the amount of Universal Credit that gets withdrawn for every pound that a claimant earns through work – will be slashed from 63p to 55p on the pound, in an announcement to MPs in the House of Commons this afternoon..
In what was one of the final points addressed as he unveiled the 2021 Autumn Budget and Spending Review, Mr Sunak said that he wants to live in a society that “rewards work”.
In real terms, it means that £2bn pounds a year is being put back into Universal Credit following the £6bn lost by claimants following the end of the weekly £20 uplift.
He said that the cut to the taper rate “takes a first step” towards that vision.
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However, the taper rate changes will only increase the income of those Universal Credit claimants that are currently in work.
Still, with 40% of claimants also working in jobs at least part-time, the Chancellor’s announcement does mean that many will be able to keep more of their benefits.
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The changes will be introduced this year, no later than 1 December 2021.
It’s a tax cut next year worth over £2bn, he says, that will “benefit nearly two million families who will keep, on average, an extra £1,000 a year”.
It is the first change made to the Universal Credit taper rate in five years.
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Taking to Twitter following the Autumn Budget 2021 announcement to explain the cut to the taper rate in a series of tweets, Mr Sunak said: “We are cutting the Universal Credit Taper Rate not by 1%, not by 2% – but by 8%. From 63p to 55p.
“The Taper Rate withdraws support gradually as people work more hours. It is currently 63%, so for every extra £1 someone earns, their Universal Credit is reduced by 63p. Let’s call this what it is: a tax on work – and a high rate of tax at that – so to make sure work pays, and help some of the lowest income families keep more of their hard-earned money, I have decided that the UC Taper Rate will be cut, not by 1p or even 2p – but by 8p.
“This is a tax on working people – and I’m cutting it from 63p to 55p.”
He then added: “I’m also increasing the Work Allowances by £500, this is a tax cut next year of £2.2 billion, so nearly 2 million families will keep, on average, an extra £1,000 a year.
“We’ll introduce not in April as normal but within weeks, and no later than December 1st.”
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Mr Sunak claimed during his announcement that a single mother of two could be better off by around £1,200 a year, while a couple renting a home with two children could be better off by around £1,800.
You can find more the 2021 Autumn Budget in full on the gov.uk website here.
Full list of road closures announced for Manchester’s New Year’s Eve fireworks display 2024
Emily Sergeant
Road closures will be in place as Manchester city centre prepares for its spectacular New Year’s Eve fireworks display.
Once the hustle and bustle of Christmas dies down, Boxing Day has been and gone, and we enter the time where nobody knows what day it is, everybody then begins waiting for New Year’s Eve to arrive, and for 2025 to bring new beginnings and a fresh start.
Last year was the first year since 2019 and post several COVID lockdowns where Manchester city centre hosting one of its famous fireworks displays that “say goodbye to the old and welcome in the new”, and it went down a huge success with residents and visitors alike – so it makes sense that it would return again for 2024.
Families from all across Greater Manchester are invited to the “fun-filled event” this Tuesday 31 December from 10pm.
This year’s end of the year celebration marks the first time St Peter’s Square has been used for the New Year countdown event, and also the first time that New Year fireworks will be let off from the roof of Manchester Central Library.
Around 20,000 people are expected to attend the free to head on down to.
You can expect “high spirits and party tunes” throughout the night in the run-up to the midnight countdown and fireworks – which will end at 12:30am.
The Council says that, in order to ensure “a safe and celebratory event for all”, security staff will be keeping a close eye on revellers to minimise any disruption and allow everyone to see in the new year together.
To best accommodate the event and everyone attending, the following road closures and parking suspensions have been confirmed:
Road closures
From 7:30am – 2pm
Peter Street westbound (Mount Street to Lower Mosley Street)
Peter Street eastbound (Deansgate to Lower Mosley Street)
Oxford Street (Peter Street to Portland Street)
George Street (Oxford Street to Dickinson Street)
St James Street (Oxford Street to Dickinson Street)
Bale Street (Lower Mosley Street to Hall Street)
Hall Street (Bale Street to Oxford Street)
From 9pm – 2am
Lower Mosley Street (Windmill Street to St Peter’s Square)
Princess Street (Cooper Street to George Street)
Back George Street (Princess Street to Dickenson Street)
Parking suspensions
From 8am on 29 December – 6am on 2 January
Peter Street (Mount Street to Lower Mosley Street)
From 6pm on 30 December – 6am on 1 January
Oxford Street (Lower Mosley Street to Portland Street)
Lower Mosley Street (Windmill Street to St Peter’s Square)
Princess Street (Cooper Street to George Street)
George Street (Oxford Street to Princess Street)
Back George Street (Princess Street to Dickenson Street)
Museum Street (Windmill Street to Peter Street)
Southmill (Windmill Street to Bootle Street)
Portaloo toilet facilities, including accessible toilets will be available on site and the Lloyd Street public toilets will remain open until 1 am.
Hot drinks and food will be available on site, but alcohol is not permitted.
There will be no tram services through St Peter’s Square from 8pm on 31 December until the end of the fireworks display.
Full details of Metrolink service and accessible shuttle buses can be found here.
Featured Image – designecologist (via Unsplash)
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Spectacular New Year’s Eve fireworks display confirmed for Manchester
Daisy Jackson
Manchester will celebrate New Year’s Eve with a spectacular FREE fireworks display, the council has confirmed.
This year, the dazzling display to ring in the new year will be set off from the roof of the city’s landmark Central Library building.
Mancs will be able to gather in St Peter’s Square as the city waves goodbye to 2024 and welcomes a new year.
The family-friendly New Year’s Eve celebration has never taken place at St Peter’s Square before, nor has the iconic Manchester Central library hosted any sort of fireworks display.
The fireworks spectacular and New Year countdown will take place on Tuesday 31 December between 10pm and 12.30am, hosted by local radio presenter and DJ Joe McGrath.
With a rough capacity of 20,000 people, there’ll be a festive atmosphere in the city centre – but Manchester City Council has stressed that alcohol is not permitted at the New Year’s Eve fireworks event.
Councillor Pat Karney, Christmas and New Year spokesperson for Manchester City Council, said: “If there’s something we do well in Manchester, it’s getting together for a big celebration – and there’s no better time for a big do than New Year’s Eve.
“This is the time to remember the year we’ve just had and to look ahead to the new one and all it may bring, surrounded by the people we love.
“Mancunians of all ages love a party, and this New Year’s Eve is going to be fantastic – a chance to dance the night away, with one of the biggest fireworks displays in the region for everyone to enjoy.
“All you need is your dancing shoes, party spirit and your nearest and dearest. Grab hold of those and we can’t wait to see you in St Peter’s Square for the last party of 2024.”
Spectacular New Year’s Eve firework display confirmed for Manchester. Credit: Unsplash, designecologist
There are a few things you need to know ahead of the event – attendees are asked to limit bag sizes to no larger than A4 in size, with bag searches in operation at the entrances.
It will be a standing room only event though there’ll be a managed designated accessible viewing area located on the Metrolink tram platform closest to Central Library, available on a first-come, first-served basis.
Portaloos, public toilets until 1am, and hot drinks and food will all be available on site.
Event staff will make sure St Peter’s Square is cleared promptly after the event and once the fireworks are over to minimise disruption to local residents.
Councillor Pat Karney added: “We want everyone to be able to enjoy New Year’s Eve, including the growing number of local residents who live in town.
“I will therefore be working closely with local councillors and others to ensure that we minimise any nuisance for city centre residents.”
Important road closures and event information for the New Year’s Eve fireworks in Manchester
A number of temporary but necessary traffic management measures will be put in place in the run-up to and on the day itself so the event can go ahead.
Road closures – 31 December 2024
7.30pm–2am
Peter Street westbound (Mount Street to Lower Mosley Street)
Peter Street eastbound (Deansgate to Lower Mosley Street)
Oxford Street (Peter Street to Portland Street)
George Street (Oxford Street to Dickinson Street)
St James Street (Oxford Street to Dickinson Street)
Bale Street (Lower Mosley Street to Hall Street)
Hall Street (Bale Street to Oxford Street)
9pm–2am
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Lower Mosley Street (Windmill Street to St Peter’s Square)
Princess Street (Cooper Street to George Street)
Back George Street (Princess Street to Dickenson Street)
Parking suspensions from 8am on 29 December until 6am on 2 January
Peter Street (Mount Street to Lower Mosley Street)
Parking suspensions from 6pm on 30 December until 6am on 1 January
Oxford Street (Lower Mosley Street to Portland Street)
Lower Mosley Street (Windmill Street to St Peter’s Square)
Princess Street (Cooper Street to George Street)
George Street (Oxford Street to Princess Street)
Back George Street (Princess Street to Dickenson Street)
Museum Street (Windmill Street to Peter Street)
Southmill (Windmill Street to Bootle Street)
Accessible parking
Unreserved accessible event parking is available on Mount Street.