UK’s Johnson, Sunak agree to extend universal credit benefit: The Times By Reuters

Oilfield firm Weatherford International files bankruptcy plan

(Reuters) – British Prime Minister Boris Johnson and finance minister Rishi Sunak have agreed in principle to extend a 20 pound($26.31) weekly increase in universal credit for 6 million people at a cost of 6 billion pounds ($7.89 billion), The Times reported on Saturday. A final decision is yet to be made, the report said, citing Treasury sources, adding that both Sunak and Johnson are open to the idea. The move is likely to be announced in the budget next year, the newspaper https:// said. Britain increased the state-paid benefit by 1,000 pounds a year in March this year to support workers and those who might lose their jobs during the coronavirus outbreak. The Treasury did not immediately respond to a request for comment by Reuters late on Friday.
($1 = 0.7601 pounds)
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Source link