There are quite a few changes coming to the benefits system which is going to affect older people as well. With the UK welfare system, Universal Credit is being rolled out nationally and will replace housing-, child tax-, income support-, income-based jobseeker’s allowance, working tax credit as well as income-related employment and support allowance for working age people. With housing benefits being abolished, it makes sense that more and more people may have to rely on loans from companies likeFerratum UK just to make ends meet. For instance, if you are under Pension Credit age and you rent a property in the social housing sector, your housing benefit will be reduced if you are considered to have more bedrooms than required. One-third of working families in England rely on the UK welfare system for help, but it seems as though with sanctions to their benefit claims, they will be driven to loans just to put some bread and butter on the table.
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