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flag UK cuts Universal Credit repayment rate from 25% to 15%, aiding 1.2 million households.

flag The UK government has introduced a new Fair Repayment Rate, reducing Universal Credit deductions to 15% from 25%, benefiting 1.2 million households by providing an extra £420 annually. flag This change aims to help people repay debts sustainably while covering daily expenses, addressing the cost-of-living crisis and poverty. flag The new rate applies to all assessments starting on or after April 30.

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