Unemployment Claim
In UK, Unemployment claim is considered as joint program, which is being directed, by fedral government and county administration. If person has been terminated from the job, he is entitled for unemployment insurance.
The amount claimed by the person on the basis of unemployment insurance varies according to the area where he is residing. The joint program for unemployment insurance is designed to help those people with financial aids, which are not able to meet their basic needs, until they get the job.
The main purpose of providing unemployment insurance claim is to help the unemployed workers, by providing financial aid, and to help them to sustain their livings in the society. When the workers are terminated from companies, wages paid to them are stopped which leads to downfall in local economy.
Person is allowed to spend money anywhere they want, which he has received in the form of unemployment insurance claim. So the money is included in the local economy through funds of unemployment claim provided to people, who have no jobs yet or if they are terminated from the companies.
Unemployment insurance compensation is provided to ex-workers on the basis of their previous income, and people who have not got any job till now get the compensation according to their basic needs.
In UK, different counties apply different formulas to calculate net compensation amount for unemployment insurance claim according to the previous income and basic needs.