Home Business News Universal Credit claims rocket to 1.4m

Universal Credit claims rocket to 1.4m

by LLB Reporter
14th Apr 20 11:26 am

The Works and Pensions Secretary Theresa Coffey has said those claiming Universal Credit over the coronavirus crisis has hit 1.4m, an increase of 200,000 in a week.

Coffey told Sky News, “We’re up to about 1.4m people who have claimed Universal Credit and also other people who have claimed other things like Jobseeker’s Allowance or Employment Support Allowance.

“So, we are capable of processing and managing those claims.”

Since 16 March 1.2m people have claimed for Universal Credit.

The aggregate deficit of UK defined benefit (DB) schemes surged to £135.9bn in March, up from £124.6bn at the end of February, latest PPF data reveals.

At the start of 2020 the aggregate deficit figure stood at just £10.9bn.

Aggregate asset values plummeted from £1,720.9bn in February to £1,680.5bn in March.

A fall in the value of liabilities over the same period, from £1,845.5bn to £1,816.4bn, helped mitigate the impact.

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