British PM Johnson, Sunak agree to increase universal credit compensation

Britain's Chancellor of the Exchequer Rishi Sunak and Britain's Prime Minister Boris Johnson arrive to attend a Cabinet meeting of senior government ministers at the Foreign and Commonwealth Office (FCO) in London, Britain

British Prime Minister Boris Johnson and finance minister Rishi Sunak have agreed in principle to extend a 20-pound weekly increase in universal credit for 6 million people at the cost of 6 billion pounds, The Times reported on Saturday.

A final decision is yet to be made, the report said, citing Treasury sources, adding that both Sunak and Johnson are open to the idea. The move is likely to be announced in the budget next year, the newspaper.

Britain increased the state-paid benefit by 1,000 pounds a year in March this year to support workers and those who might lose their jobs during the coronavirus outbreak.

The Treasury did not immediately respond to a request for comment by Reuters late on Friday.

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