The Universal Credit standard allowance will increase by £1,000 for 12 Months

The Universal Credit standard allowance will increase by £1,000, for the next 12 months, as will the Working Tax Credit basic element.

These measures will benefit just over 4 million households, Sunak says.
Sunak also outlines help for self-employed people — suspending the minimum income floor for universal credit [used by the DWP to assess how much money someone receives under the scheme] .

That means self-employed people can now access, in full, Universal Credit at a rate equivalent to Statutory Sick Pay for employees, he explains.