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UK: Hundreds of thousands who lost jobs in pandemic denied universal credit

300,000 universal credit applications in first few months of pandemic deemed ineligible due to savings

At least 300,000 applications for universal credit during the first four months of pandemic were deemed ineligible because those trying to claim had over £16,000 in savings or their partners were deemed to earn too much under strict means-tested welfare rules, according to official figures  obtained by the Labour party.

Many who were turned down for universal credit – or who qualified for a reduced level of support that covered only a fraction of their monthly outgoings – have struggled to pay their rent, mortgage and other bills after their household income dipped dramatically as a result of redundancy or the collapse of their business.

The ending of the job retention scheme has triggered fears of a living standards crisis for middle-income families who are forced by the Covid-19 economic crisis to turn to the benefit system in large numbers for the first time. Read more via TheGuardian

Pemo Theodore

Pemo Theodore is a Media Publisher & Event Producer and a great people connector.. She is Founder/CEO Silicon Valley TV which has served the San Francisco Bay Area for 11 years! She has produced Silicon Valley Events for Investors & Startups for 9 years. Pemo loves to video interview venture capitalists & founders to engage the human behind the success stories.. She has been Executive Producer of FinTech Silicon Valley for 5 years, organizing twice monthly FinTech talks & panels in San Francisco & Palo Alto. She believes in learning through a great discussion with experts in the domains. Pemo has a talent to bring the right people together and is an incredible networker. Pemo's events have been seen as supporting Venture Capitalists & Angels in sourcing great deal flow from startups who attend her events. Many founders have received funding through meeting investors at her events. Her favored medium is visual media and she has built up a great body of work of videos of panels & interviews in Silicon Valley.startup ecosystem.

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