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File:Universal Credit vs Tax Credits chart, 2019 projected.png

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Description
English: Work incentives for a lone parent in receipt of Universal Credit, 2019-20, showing projections from before and after the Work Allowance reduction announced in 2015. Lone parent aged 25 or over, 1 child, no housing costs, earning at the National Living Wage - £ per week, nominal terms. Compared to a legacy claimant still on Tax Credits, before forced transfer to UC.

Note Calculations do not include Child Benefit

Source: House of Commons Library calculations; inflation estimates from IFS Winter is Coming report (November 2016)
Date
Source

"Universal Credit changes from April 2016", House of Commons Library CBP7446, 16 November 2016 (Figure 6, page 19)

http://researchbriefings.files.parliament.uk/documents/CBP-7446/CBP-7446.pdf
Author House of Commons Library

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16 November 2016

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