Escrow

Advantages offered by KPT’s, and continued reading on those provisions set aside for research, funding and education. The bureaucracy and time consuming approaches to sourcing, research and correspondence, even before application is considered – compounded by rules of application which vary from, the demands / pre-requisites for established companies, research organisations with higher attainment – allowing the process to become insular instead of open and fair, in affect negating requirement for application in the first instance, turning research grants into investitures

The Secretary of State has also announced today that the Government will introduce a new Enterprise Allowance which will offer people who are out of work and entering self-employment a weekly payment linked to the value of their benefit for a period of up to six months.

05 October 2010Iain Duncan Smith announces the introduction of a Universal Credit

The Secretary of State for Work and Pensions, the Rt Hon Iain Duncan Smith, today announced the introduction of a Universal Credit designed to simplify the benefit system and improve work incentives.

The Universal Credit will simplify the benefits system by moving from the current benefit structure to a simple streamlined payment. People’s benefits will also be withdrawn at one unified rate.

The plan is to migrate recipients from the current benefits and tax credits systems onto the Universal Credit starting in 2013 and finishing in the next Parliament.

The reforms will be set out in more detail in a White Paper later in the autumn and put before Parliament in a Welfare Reform Bill next year.

The new Universal Credit system aims to:

  • improve work incentives through a combination of improved earnings disregards and/or lower benefit withdrawal rates;
  • smooth the transitions into and out of work;
  • reduce in-work poverty;
  • simplify the system, making it easier for people to understand, and easier and cheaper for staff to administer;
  • cut back on fraud and error.

The Secretary of State has also announced today that the Government will introduce a new Enterprise Allowance which will offer people who are out of work and entering self-employment a weekly payment linked to the value of their benefit for a period of up to six months.

http://www.dwp.gov.uk/newsroom/press-releases/2010/oct-2010/dwp129-10-051010.shtml

http://curvenewmedia.wordpress.com/2011/03/30/government-start-up-initiatives/

http://curvenewmedia.wordpress.com/2011/03/10/focus-on-postgraduate-financing/#comment-5

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Escrow

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