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Cover Magazine - Autumn Budget 2021: Industry reactions

By John Brazier 28 October 2021.

The protection and health insurance industry voice their reactions to announcements regarding NHS funding and a change to the Universal Credit taper rate in the Autumn Budget...

...Group Risk Development (GRiD) welcome the moved to reduce the UC taper rate, as well as the increase to the amount that households with children, or a household member with limited capability for work, can earn before their Universal Credit award begins to be reduced by £500 per year.

"This will mean not only that ‘work pays' but also that group income protection pays for those whose employers provide a continued income in the event that they're unable to work for a prolonged period through illness, injury or disability," GRiD stated.

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