Chancellor of the Exchequer Rishi Sunak announced the increase in March last year, with the first payments being made the following month.
The increase was set to last for a year and is therefore due to come to an end next month.
However, the Work and Pensions Committee wants the increase to be extended for at least another year.
Labour MP Stephen Timms, chair of the committee, said: "The Chancellor faces difficult decisions about the public finances. He may find it hard at present to make the increase permanent. But the pandemic’s impact on the economy and livelihoods will, sadly, be with us for some time. An extension for a year should be the bare minimum."
Universal Credit is a monthly payment made to people who are out of work or on low incomes.
It replaced six old benefits and merged them into one payment.
The benefits it has replaced are:
- child tax credit
- housing benefit
- income support
- income-based jobseekers' allowance
- income-related employment and support allowance
- working tax credit
You can read the Work and Pensions Committee's report here: https://committees.parliament.uk/commit ... o-poverty/
If you think you are eligible for Universal Credit, you can apply here: https://www.gov.uk/universal-credit
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