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Self-Employed Londoners - Managing Finances Under Universal Credit

Date published: 
21 January 2019

The London Assembly Economy Committee has been exploring the impact of Universal Credit on the self-employed, those with volatile incomes and those in non-traditional jobs.

The Committee heard that some self-employed people can receive a smaller amount of benefit payments under Universal Credit each year compared to an employee earning exactly the same amount, because Universal Credit is assessed monthly and many self-employed people have volatile incomes. The London Assembly Economy Committee has now written to the Mayor for an update on his work on identifying those affected.