BR100 Decreased By (-1.08%)
BR30 Decreased By (-1.33%)
KSE100 Decreased By (-0.64%)
KSE30 Decreased By (-0.81%)
BECO 5.32 Decreased By ▼ -0.11 (-2.03%)
BML 55.27 Decreased By ▼ -0.42 (-0.75%)
BOP 35.00 Decreased By ▼ -0.38 (-1.07%)
CNERGY 8.16 Decreased By ▼ -0.04 (-0.49%)
DCL 11.40 Decreased By ▼ -0.15 (-1.3%)
FCCL 57.51 Decreased By ▼ -0.85 (-1.46%)
FCSC 5.00 Decreased By ▼ -0.12 (-2.34%)
FFL 17.66 Decreased By ▼ -0.18 (-1.01%)
FNEL 1.23 Decreased By ▼ -0.02 (-1.6%)
HUMNL 10.90 Decreased By ▼ -0.17 (-1.54%)
KEL 8.56 Decreased By ▼ -0.19 (-2.17%)
KOSM 6.47 Decreased By ▼ -0.22 (-3.29%)
MLCF 106.59 Decreased By ▼ -0.56 (-0.52%)
NBP 199.00 Decreased By ▼ -2.73 (-1.35%)
PACE 11.06 Decreased By ▼ -0.24 (-2.12%)
PAEL 44.95 Increased By ▲ 0.46 (1.03%)
PIAHCLA 28.37 Decreased By ▼ -1.04 (-3.54%)
PIBTL 18.28 Decreased By ▼ -0.36 (-1.93%)
PPL 243.50 Decreased By ▼ -4.48 (-1.81%)
PRL 34.91 Decreased By ▼ -0.38 (-1.08%)
PTC 65.25 Decreased By ▼ -0.89 (-1.35%)
SEARL 94.00 Decreased By ▼ -1.49 (-1.56%)
SSGC 30.75 Decreased By ▼ -1.29 (-4.03%)
TELE 8.69 Decreased By ▼ -0.18 (-2.03%)
THCCL 64.86 Decreased By ▼ -1.75 (-2.63%)
TPLP 10.22 Decreased By ▼ -0.35 (-3.31%)
TREET 25.04 Decreased By ▼ -0.26 (-1.03%)
TRG 63.15 Decreased By ▼ -1.25 (-1.94%)
WAVES 10.64 Decreased By ▼ -0.26 (-2.39%)
WTL 1.25 Decreased By ▼ -0.01 (-0.79%)
Business & Finance

UK's Johnson, Sunak agree to extend universal credit benefit: The Times

  • 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 said
Published November 7, 2020 Updated November 7, 2020 10:10am
By

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 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.

Comments

Comments are closed for this article.