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New potential financial disaster for Britain

I just sent emails with this approximate text to various British politicians including Nick Clegg and Ben Bradshaw:

 I'm emailing you directly because I'm very worried about a new  potential financial disaster for Britain. Looming on the horizon is the question how the changeover to Universal Credit will be handled. If benefit claimants receive their money a little bit earlier than usual because of the changeover there will be no particular worries. On the other hand, if claimants receive their money a bit later than usual there is a potential disaster as enormous numbers of people across the country would then have a shortfall in paying their rent, their credit card repayments, their many other bills and outgoings. The knock-on effect of this would affect banks, credit companies, landlords and every part of the country's economy. It seems to me that there are still a few months in which to avoid disaster.

Sincerely,

Peter D. Smith, Exeter, Devon.

Comments

  1. Perhaps I'm being optimistic here, but it has been the practice of the WTC to withhold a small amount of Tax Credit payments to guard against overpayment, and the difficulties of clawing it back. This amount (which usually comes to a normal weeks payment) has been customarily repaid as an "extra" payment at the end of the year. I suspect that this will be used to 'tide you over' until the payments sort themselves out. At least that's the answer I think you'll get; let us know?

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