Martin Lewis issues urgent warning over ‘big cut in universal credit’ coming in 2 weeks

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A change designed to ensure people didn’t lose out thanks to work drying up during coronavirus is about to expire – and it could mean hundreds of thousands of people see their universal credit payments drop

The fear surrounds the little-known ‘Minimum Income Floor’ – which affects about 450,000 self-employed universal credit claimants.

This was suspended for eight months due to Covid-19, but as things stand will be re-instated on November 13.

Martin Tweeted: “On 13 November, there’s a huge sink hole awaiting many self-employed as Rishi Sunak’s Covid suspension of the Universal Credit minimum income floor ends.

“Ie self employed will be assumed to have earnings for universal credit calculation even if they don’t.

“I’d suggest self-employed contact their MP asap”

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