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  • Faisal Islam | IMF statement illuminates: the Chancellor is already borrowing more [accidentall...

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  • Paul Waugh | Treasury happy at the 'on the one hand and on the other' verdict of IMF.

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Tax credit extension for under-25s

Tax credit extension for under-25s
Working tax credits will be available to single under-25s for the first time, the Government is expected to announce this week.

Welfare minister Lord Freud told the Sun on Sunday the reform, part of the Universal Credit roll-out, would give those in work “much needed extra help”.

However, another Universal Credit reform has been criticised by a new study, which has warned paying housing benefit directly to claimants rather than to landlords could lead to 1m falling into debt.

Green Box: Tax credit extension for under-25sClick to open

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