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The UK government is reportedly unable to make a profit … because of the IT system 40 years ago.

https://sputniknews.com/20220505/uk-govt-reportedly-cant-raise-benefits-due-to-40-year-old-it-system-1095291798.html

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UK, it’s an advantage

The Minister of Finance has promised greater support to the British in need in the face of rising consumer prices and new increases in electricity tariff caps.

British Finance Minister Rishi Sunak has discovered an immovable obstacle, his efforts to increase some social benefits that are hampered by outdated government IT systems, the Times reported.

Forty years ago, IT systems could only change social benefits once a year, which turned out to be the case in certain sectors. Sunak was already profiting 3.1% in September 2021.

HM Treasury reportedly responded to a request for a further increase, saying, “I could only do it once a year, and this wasn’t the time when you could do it.” Was done.

The story comes when the Prime Minister is faced with growing criticism that the support measures proposed in the spring are inadequate.

The 3.1% rise in September was based on the consumer price index at the time and seemed appropriate at the time.But that wasn’t enough to help people who were struggling to make ends meet later Inflation has begun to skyrocket In November.

Snacks reportedly tried to address the problem by further enhancing certain profits. However, some traditional benefits, such as job seekers and support allowances, are equipped to run on older IT systems. There are also new IT systems, but they manage unified Social Credit. This ultimately replaces the benefits of legacy.

London Stock Exchange Tower and Bank of England on the left-Sputnik International, 1920, 05.05.2022

The Bank of England will raise interest rates to its highest level in 13 years as inflation is expected to be in the top 10%.

The UK has decided to phase out legacy benefits in 2012, but their complete removal will not take place until 2024. Until then, the only way to make the benefits of these perks available is to wait until fall, enter new parameters, and wait until spring. The system will eventually calculate the new amount.

It is unclear how the Prime Minister intends to avoid the reported problems, the Bank of England has faced high inflation in the last decade, and the Bank of England has recently raised interest rates from 0.25% to 1% for the first time in 13 years. I gave a high price. Banks said in a statement that inflation threatened to exceed 10% by the end of 2022, rather than the previously predicted 5.75%.

The situation was aggravated by Soaring gas prices In Europe, where electricity prices have been forced to rise, citizens are already facing stress from high consumer prices.
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https://sputniknews.com/20220505/uk-govt-reportedly-cant-raise-benefits-due-to-40-year-old-it-system-1095291798.html The UK government is reportedly unable to make a profit … because of the IT system 40 years ago.

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