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Bank of England expected to hold interest rates

Investors predict MPC will maintain interest at 5.25% when it meets on Thursday.

UK to extend Universal Credit uplift while COVID-19 restrictions last - The Sun

Reuters
·1-min read

(Reuters) - Britain will extend the Universal Credit uplift of 20 pounds ($27.35) while the COVID-19 restrictions last, The Sun reported on Monday.

Finance minister Rishi Sunak plans to announce the full measure will stay for as long as COVID-19 restrictions are in place, before being phased out to help only the neediest, the report https://bit.ly/39ixG6V added.

Universal Credit is Britain's main method of supporting those who are out of work, working in low income jobs or eligible for welfare based on sickness or disability.

($1 = 0.7313 pounds)

(Reporting by Aishwarya Nair in Bengaluru; Editing by Chris Reese)