Rachel Reeves has announced that the universal credit health element will be cut by around half and then frozen for new claimants. The chancellor also announces a £1bn investment "to provide guaranteed, personalised employment support to help people back into work", as well as £400m to support the Department for Wealth and Pensions and job centres to deliver the changes "effectively and fairly". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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00:00The Labour Party is the party of work. We believe that if you can work, you should work.
00:07But if you can't work, you should be properly supported.
00:12This government inherited a broken system.
00:15More than 1,000 people every day are qualifying for personal independence payments.
00:20One in eight young people are not in employment, education or training.
00:26If we do nothing, we are writing off an entire generation.
00:31That cannot be right and we will not stand for it.
00:34It is a waste of their potential and it is a waste of their futures and we will change it.
00:41The Universal Credit Standard Allowance will increase from £92 per week in 2025-26 to £106 a week by 2029-30.
00:50While the Universal Credit health element will be cut for new claimants by around 50% and then frozen.
00:57On top of this, we are investing £1 billion to provide guaranteed personalised employment support to help people back into work.
01:07And £400 million to support the Department for Work and Pensions and our job centres to deliver these changes effectively and fairly.