IFS Zooms In: The Economy
Universal Credit: The future of benefits?
Universal Credit is a benefit for working-age people, which combines six existing benefits payments into one payment. Launched in 2013, there are now about 5 million households claiming Universal Credit in the UK. What was the thinking behind this new policy? Has it been successful? And how has COVID affected the trajectory of Universal Credit?
This week, Paul speaks with Charlotte Pickles, Director of Reform and a member of the Social Security Advisory Committee, and Tom Waters, Senior Research Economist at IFS and expert on benefits.
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