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Our current projections are that we will continue to be broadly self-financing in future years, with income from fees matching the cost to serve customers.
Calculating 'excess income' under the current rules
Chart A1 and A2 show how, under the current rules, Fiona’s ‘excess income’ works out at £56.16 if she gets Tax Credits (Chart A1) compared to £67.64 if she gets Universal Credit (Chart A2).
A lot of lone parents are also young parents, and young parents are hit by the under-25 penalty in universal credit—they get less money just for being under 25, yet their energy bills are exactly the same”.
It explains that this instrument was made in response to a UK Government announcement on 20 March about increasing the basic rate of working tax credit as part of its response to COVID-19.
Retrieved from https://www.foi.scot/sites/default/files/2024-02/SIC_Annual_Report_And_Accounts_2021-22_Access_Checked.pdf [accessed 11 November 2024]
conducted research on current practices and potential future approaches to proactive publication
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