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<p>The change announced in the Budget will enable working parents and people with
disabilities on Universal Credit to keep £630 extra income each year or around £12
per week.</p><p> </p><p>HM Treasury’s distributional analysis, published alongside
Budget 2018, shows the cumulative effect on household incomes of policies on welfare,
tax, and public service spending measures. Because different measures often interact
with each other, this cumulative assessment provides the best representation of the
overall intended policy effect. This shows that the Government’s decisions have benefited
households throughout the income distribution, with the poorest households gaining
the most as a percentage of net income.</p><p> </p><p>DWP has not conducted research
into the impact of Universal Credit on household poverty. Estimates of the number
and proportion of individuals in relative low income are published in the National
Statistics Households Below Average Income (HBAI) series, available on gov.uk.</p><p>
</p><p>The latest annual publication was on 2017/18 data and we will continue to monitor
relative low income rates in future publications. We are committed to building a country
that works for everyone – not just the privileged few. We know that work is the best
route out of poverty and Universal Credit is designed to strengthen incentives for
parents to move into and progress in work. The impact of Universal Credit cannot be
considered in isolation; it is a key component of a broader strategy to move Britain
to a higher wage, lower welfare, lower tax society.</p>
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