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Primary member
X
Reeves, Rachel
Type
House
Session
Year
Department
Member
Primary member
More
Reeves, Rachel (13)
Answering member
Legislative stage
Legislation
Subject
More
Publisher
Budget statement 30 October 2024. Ways and means resolution. Agreed to on question.
Budget statement 30 October 2024. Ways and means resolution. Agreed to on question.
Lead member
Rachel Reeves
Department
Treasury
Type
Ministerial statements
Procedure
Ways and means resolutions
Subjects
Capital gains tax; Bus services; Defence; Corporation tax; Beer; Capital investment; Air passenger duty; Borrowing; Fares; Fraud; Film; Employers' contributions; Infrastructure; Government departments; Excise duties; Inheritance tax; Fiscal policy; Domicil; Economic situation; Economic growth; Inflation; NHS; Pension credit; Northern Ireland; Oil; Local government finance; Planning; Minimum wage; Natural gas; Public expenditure; Railways; Reform; Wales; Roads; Research; High Speed 2 line; Electrification; Affordable housing; Public sector debt; Scotland; Social security; State retirement pensions; Schools; Small businesses; Tax allowances; Tax avoidance; Taxation; Repairs and maintenance; Second homes; Uprating; Hydrogen; Carer's allowance; Public finance; Stamp duty land tax; East West Rail line; Budget October 2024; Electronic cigarettes
Date
30 October 2024
Reference
755 cc811-829
Chamber / Committee
House of Commons chamber
House
House of Commons
To ask the Chancellor of the Exchequer if he will estimate the cost to the public purse of uprating tax credits using a consumer prices index level of (a) 2.5, (b) 3, (c) 3.1, (d) 3.5, (e) 4, (f) 4.3, (g) 4.5, (h) 4.6, (i) 4.9, (j) 5.1 and (k)...
To ask the Chancellor of the Exchequer if he will estimate the cost to the public purse of uprating tax credits using a consumer prices index level of (a) 2.5, (b) 3, (c) 3.1, (d) 3.5, (e) 4, (f) 4.3, (g) 4.5, (h) 4.6, (i) 4.9, (j) 5.1 and (k)...
Asked by
Rachel Reeves
(Labour)
Answered by
David Gauke
(Conservative)
Answering body
Treasury
Type
Written questions
Status
Answered
Tabled on
21 November 2011
For answer on
23 November 2011
Answered on
6 December 2011
As of the June Budget 2010, most tax credit elements are uprated by CPI each year. By convention, the CPI for September 2011 would be used to uprate these elements in 2012-13. The official ONS estimate for CPI for September 2011 is 5.2%.The following table gives the estimated savings against this baseline for 2012-13 if CPI were to be at the specified levels.
In this comparison, we have assumed the following tax credit elements are uprated by CPI in 2012-13:Working tax credit"Disability element""Severe disability element"Child tax credit"Child element""Disabled child element""Severely disabled child element"This answer assumes the couple and lone parent elements of working tax credit are frozen in 2012-13, as announced in the autumn statement 2011. In addition, the basic and 30 hour elements of working tax credit are frozen for three years from 2011-12, as announced at spending review 2010.
| Savings in 2012-13 of different uprating percentages in 2012-13 for the elements that are currently uprated by CPI | |
|---|---|
| Uprating | £ million |
| 5.2% | 0 |
| 5.1% | neg |
| 4.9% | 40 |
| 4.6% | 130 |
| 4.5% | 170 |
| 4.3% | 200 |
| 4% | 270 |
| 3.5% | 400 |
| 3.1% | 490 |
| 3% | 500 |
| 2.5% | 630 |
Subjects
Welfare tax credits; Uprating
Date
6 December 2011
Reference
82750; 537 c300W
House
House of Commons
To ask the Secretary of State for Work and Pensions which benefits were uprated for financial year 2011-12 using the September 2010 Consumer Prices Index measure of inflation.
To ask the Secretary of State for Work and Pensions which benefits were uprated for financial year 2011-12 using the September 2010 Consumer Prices Index measure of inflation.
Asked by
Rachel Reeves
(Labour)
Answered by
Steve Webb
(Liberal Democrat)
Answering body
Department for Work and Pensions
Type
Written questions
Status
Answered
Tabled on
8 November 2011
For answer on
14 November 2011
Answered on
14 November 2011
The following shows social security benefits and their relevant components that were up-rated by September 2010 CPI in 2011-12. Benefit rates in 2011-12 are published in the Social Security Benefits Up-rating Order 2011.Next year's proposed benefit rates will be announced to Parliament by ministerial statement later in the autumn.Social security benefits up-rated by September 2010 CPI in 2011-12"Attendance allowance""higher rate""lower rate""Carer's allowance""Council tax benefit""Personal allowances""single""18 to 24""25 or over""entitled to main phase ESA""lone parent""couple""dependent children""Premiums""family""disability""single""couple""enhanced disability""single""couple""severe disability""single""couple (lower rate)""couple (higher rate)""carer""ESA components""work-related activity""support""Dependency increases""Adult dependency increases for spouse or person looking after children—payable with;""state pension on own insurance (Cat A or B)""state pension (non-contributory, Cat C)""long term incapacity benefit""unemployability supplement.""Severe disablement allowance""Carers allowance""short-term incapacity benefit (over state pension age)""short-term incapacity benefit (under state pension age)""Disability living allowance""Care component""highest""middle""lowest""Mobility component""higher""lower""Employment and support allowance""Personal allowances""single""under 25""25 or over""lone parent""under 18""18 or over""couple""both under 18""both under 18 with child""both under 18 (main phase)""both under 18 with child (main phase)""one 18 or over, one under 18""both over 18""claimant under 25, partner under 18""claimant 25 or over, partner under 18""claimant (main phase), partner under 18""Premiums""enhanced disability""single""couple""severe disability""single""couple (lower rate)""couple (higher rate)""carer""Components""work-related activity""support""Housing benefit""Personal allowances""single""under 25""25 or over""entitled to main phase ESA""lone parent""under 18""18 or over""entitled to main phase ESA""couple""both under 18""one or both 18 or over""claimant entitled to main phase ESA""dependent children""Premiums""family""disability""single""couple""Enhanced disability""single""couple""Severe disability""single""couple (lower rate)""couple (higher rate)""Carer""ESA components""work-related activity""support""Incapacity benefit""Long-term incapacity benefit""Short-term incapacity benefit (under state pension age)""lower rate""higher rate""Short-term incapacity benefit (over state pension age)""lower rate""higher rate""Income support""Personal Allowances""single""under 25""25 or over""lone parent""under 18""18 or over""couple""both under 18""both under 18—higher rate""one under 18, one under 25""one under 18, one 25 and over""both 18 or over""Premiums""disability""single""couple""Enhanced disability""single""couple""severe disability""single""couple (lower rate)""couple (higher rate)""carer""Relevant sum for strikers""Industrial injuries disablement benefit""18 and over, or under 18 with dependants""100%""Under 18""100%""Maximum life gratuity (lump sum)""Unemployability supplement""increase for early incapacity""higher rate""middle rate""lower rate""Constant attendance allowance""exceptional rate""intermediate rate""normal maximum rate""part-time rate""Jobseeker's allowance""Contribution based JSA—Personal rates""under 25""25 or over""Income-based JSA—personal allowances""under 25""25 or over""lone parent""under 18""18 or over""couple""both under 18""both under 18—higher rate""one under 18, one under 25""one under 18, one 25 and over""both 18 or over""Premiums""disability""single""couple""enhanced disability""single""couple""severe disability""single""couple (lower rate)""couple (higher rate)""carer""Prescribed sum for strikers""Maternity allowance""Standard rate""Pension credit""Additional amount for severe disability""single""couple (one qualifies)""couple (both qualify)""Additional amount for carers""Pneumoconiosis, byssinosis, and miscellaneous diseases scheme and the workmen's compensation (supplementation)""Total disablement allowance and major incapacity allowance (maximum)""Partial disablement allowance""Unemployability supplement""increases for early incapacity""higher rate""middle rate""lower rate""Constant attendance allowance""exceptional rate""intermediate rate""normal maximum rate""part-time rate""Exceptionally severe disablement allowance""Lesser incapacity allowance""maximum rate of allowance""based on loss of earnings over""State pension""Additional pension""Increments to:""basic pension""additional pension""graduated Retirement Benefit (GRB)""inheritable lump sum""Graduated retirement benefit (unit)""Increase of long term incapacity for age""Increase of long-term incapacity for age""higher rate""lower rate""Invalidity allowance (transitional) for state pension recipients""higher rate""middle rate""lower rate""Severe disablement allowance""Basic rate""Statutory adoption pay""Standard Rate""Statutory maternity pay""Standard rate""Statutory paternity pay""Standard rate""Statutory sick pay""Standard rate""Widows benefit""Widowed mother's allowance""Widow's pension""standard rate""Bereavement benefit""Widowed parent's allowance""Bereavement Allowance""standard rate"
Subjects
Social security benefits; Uprating
Date
14 November 2011
Reference
80504; 535 c557-62W
House
House of Commons
To ask the Secretary of State for Work and Pensions if he will estimate the cost to the public purse of uprating (a) the state pension and (b) benefits at a consumer prices index level of (i) 2.5 per cent., (ii) 3 per cent., (iii) 3.1 per cent., (iv) 3.5...
To ask the Secretary of State for Work and Pensions if he will estimate the cost to the public purse of uprating (a) the state pension and (b) benefits at a consumer prices index level of (i) 2.5 per cent., (ii) 3 per cent., (iii) 3.1 per cent., (iv) 3.5...
Asked by
Rachel Reeves
(Labour)
Answered by
Steve Webb
(Liberal Democrat)
Answering body
Department for Work and Pensions
Type
Written questions
Status
Answered
Tabled on
3 November 2011
For answer on
8 November 2011
Answered on
8 November 2011
The information requested is provided in the following table for (a) the state pension and (b) benefits. The table shows the cost of increasing the benefits, by the given rate in April 2012 compared to a baseline of no uprating in April 2012. 'Other benefits' only includes those benefits uprated by CPI. It therefore excludes pension credit as the standard minimum guarantee is uprated by average earnings.These costs are indicative only. Actual costs will be dependent on increases in benefit rates in April 2012. Proposed benefit rates will be announced to Parliament by ministerial statement later in the autumn.
We are unable to estimate the average change in the level of payments of up-rating at each level on (A) women and (B) men in each income decile in receipt of such pensions and benefits. This information could be supplied only at disproportionate cost.
| Cost of up-rating for 2012-13 | |||
|---|---|---|---|
| £ billion, 2011-12 prices | |||
| Rate | State pension | Other benefits | Total |
| 2.5% | 2.0 | 1.0 | 3.0 |
| 3.0% | 2.4 | 1.2 | 3.6 |
| 3.1% | 2.5 | 1.3 | 3.8 |
| 3.5% | 2.8 | 1.4 | 4.3 |
| 4.0% | 3.3 | 1.6 | 4.9 |
| 4.5% | 3.7 | 1.8 | 5.5 |
| 4.6% | 3.8 | 1.9 | 5.7 |
| 4.9% | 4.0 | 2.0 | 6.0 |
| 5.1% | 4.2 | 2.1 | 6.3 |
| Notes: | |||
| 1. The costing is based on DWP budget 2011 case load forecasts. | |||
| 2. 'State pension' includes basic state pension up-rated with the triple lock policy, additional pension and graduated retirement pension. | |||
| 3. 'Other benefits' refers to working age benefits including, income support, jobseeker's allowance, employment and support allowance, incapacity benefit maternity allowances and statutory sick pay, and also housing benefits and disability benefits. Pension credit is excluded. | |||
| 4. Totals may not sum due to rounding. |
Subjects
Public expenditure; Social security benefits; State retirement pensions; Uprating
Date
8 November 2011
Reference
79622; 535 c212-3W
House
House of Commons
To ask the Secretary of State for Work and Pensions what his estimate is of the cost of uprating for 2012-13 (a) pensions and (b) all other benefits in line with (i) September's consumer prices index and (ii) the OBR's March forecast for the consumer prices index.
To ask the Secretary of State for Work and Pensions what his estimate is of the cost of uprating for 2012-13 (a) pensions and (b) all other benefits in line with (i) September's consumer prices index and (ii) the OBR's March forecast for the consumer prices index.
Asked by
Rachel Reeves
(Labour)
Answered by
Steve Webb
(Liberal Democrat)
Answering body
Department for Work and Pensions
Type
Written questions
Status
Answered
Tabled on
25 October 2011
For answer on
31 October 2011
Answered on
31 October 2011
The information requested is provided in the following tables for pensions and all other benefits paid by the Department for Work and Pensions.These costs are indicative only. Actual costs will be dependent on increases in benefit rates in April 2012. Proposed benefit rates will be announced to Parliament by ministerial statement later in the autumn.
| (i) Cost of uprating for 2012-13 under September 2011 outturn CPI, 2011/12 prices | |
|---|---|
| £ billion | |
| Pension benefits | 4.6 |
| All other benefits | 2.1 |
| Source: | |
| DWP Forecasting Model. |
| (ii) Cost of uprating for 2012-13, under March 2011 forecast CPI, 2011-12 prices | |
|---|---|
| £ billion | |
| Pension benefits | 3.7 |
| All other benefits | 1.8 |
| Notes: | |
| 1. The costing in part (i) is based on the September 2011 outturn CPI and May to July 2011 outturn average earnings for pension credit. | |
| 2. The costing in part (ii) is based on the Office for Budget Responsibility's 2011 quarter 3 CPI forecast, and 2011 quarter 2 average earnings forecast for pension credit, as published in the Budget Report March 2011. | |
| 3. 'Pension benefits' include basic state pension uprated with the triple lock policy, additional pension and graduated retirement pension uprated by CPI and pension credit uprated by average earnings. | |
| 4. 'All other benefits' refers to working age benefits including: income support, jobseeker's allowance, employment and support allowance, incapacity benefit maternity allowances and statutory sick pay, and also housing benefits and disability benefits. All are uprated by CPI. | |
| Source: | |
| DWP Forecasting Model. |
Subjects
Social security benefits; Uprating
Date
31 October 2011
Reference
77307; 534 c422W
House
House of Commons
To ask the Secretary of State for Work and Pensions whether he plans to uprate (a) pensions and (b) other benefits in line with September's consumer prices index.
To ask the Secretary of State for Work and Pensions whether he plans to uprate (a) pensions and (b) other benefits in line with September's consumer prices index.
Asked by
Rachel Reeves
(Labour)
Answered by
Steve Webb
(Liberal Democrat)
Answering body
Department for Work and Pensions
Type
Written questions
Status
Answered
Tabled on
25 October 2011
For answer on
31 October 2011
Answered on
31 October 2011
Next year's proposed benefit rates will be announced to Parliament by ministerial statement later in the autumn.
Subjects
Social security benefits; Uprating
Date
31 October 2011
Reference
77306; 534 c422W
House
House of Commons
To ask the Secretary of State for Work and Pensions (1) what estimate he has made of the net effect on the state pension of a person of average income who reaches state retirement age in 2011 of the implementation of (a) the triple guarantee and (b) the use of...
To ask the Secretary of State for Work and Pensions (1) what estimate he has made of the net effect on the state pension of a person of average income who reaches state retirement age in 2011 of the implementation of (a) the triple guarantee and (b) the use of...
Asked by
Rachel Reeves
(Labour)
Answered by
Steve Webb
(Liberal Democrat)
Answering body
Department for Work and Pensions
Type
Written questions
Status
Answered
Tabled on
25 January 2011
For answer on
31 January 2011
Answered on
31 January 2011
The estimated net contributory state pension income effects on a person with an average state pension entitlement reaching state pension age in the 2011-12 tax year are as follows:"(a) A lifetime net gain in basic state pension income of around £15,000, in net present value terms, due to the effect of the triple guarantee.""(b) A lifetime net loss in additional state pension income of around £5,000, in net present value terms, due to the switch to CPI indexation."The lifetime net contributory state pension income gain from both policies is around £10,000, in net present value terms."Notes:""1. The calculation is based on projected median state pension entitlement for individuals reaching state pension age in the 2011-12 tax year. This includes basic state pension entitlement, plus additional state pension entitlement (State Earnings Related Pension Scheme and state second pension), assuming no deductions due to periods spent in contracted-out employment.""2. The calculation excludes entitlement deriving from a former spouse's or partner's contributions, and assumes the individual does not defer claiming their state pension. Entitlement to graduated retirement benefit is not included.""3. Figures are net present values of the policies over the length of a retirement.""4. Figures are rounded to the nearest £1,000.""5. The effects on basic state pension income and additional state pension income are both calculated relative to counterfactual policies of RPI indexation.""6. The estimates assume a length of retirement of 25 years after the year in which the person reaches state pension age.""7. Net contributory state pension income is income from basic state pension and additional state pension (excluding graduated retirement benefit)."
Subjects
State retirement pensions; Uprating
Date
31 January 2011
Reference
37003; 522 c589-90W
House
House of Commons
(2) what estimate he has made of the effect on the second state pension of a person of average income who reaches state retirement age in 2011 of the use of the consumer prices index rather than the retail prices index for pension indexation.
(2) what estimate he has made of the effect on the second state pension of a person of average income who reaches state retirement age in 2011 of the use of the consumer prices index rather than the retail prices index for pension indexation.
Asked by
Rachel Reeves
(Labour)
Answered by
Steve Webb
(Liberal Democrat)
Answering body
Department for Work and Pensions
Type
Written questions
Status
Answered
Tabled on
25 January 2011
For answer on
31 January 2011
Answered on
31 January 2011
The estimated net contributory state pension income effects on a person with an average state pension entitlement reaching state pension age in the 2011-12 tax year are as follows:"(a) A lifetime net gain in basic state pension income of around £15,000, in net present value terms, due to the effect of the triple guarantee.""(b) A lifetime net loss in additional state pension income of around £5,000, in net present value terms, due to the switch to CPI indexation."The lifetime net contributory state pension income gain from both policies is around £10,000, in net present value terms."Notes:""1. The calculation is based on projected median state pension entitlement for individuals reaching state pension age in the 2011-12 tax year. This includes basic state pension entitlement, plus additional state pension entitlement (State Earnings Related Pension Scheme and state second pension), assuming no deductions due to periods spent in contracted-out employment.""2. The calculation excludes entitlement deriving from a former spouse's or partner's contributions, and assumes the individual does not defer claiming their state pension. Entitlement to graduated retirement benefit is not included.""3. Figures are net present values of the policies over the length of a retirement.""4. Figures are rounded to the nearest £1,000.""5. The effects on basic state pension income and additional state pension income are both calculated relative to counterfactual policies of RPI indexation.""6. The estimates assume a length of retirement of 25 years after the year in which the person reaches state pension age.""7. Net contributory state pension income is income from basic state pension and additional state pension (excluding graduated retirement benefit)."
Subjects
State retirement pensions; Uprating
Date
31 January 2011
Reference
37004; 522 c589-90W
House
House of Commons
To ask the Secretary of State for Work and Pensions (1) what discussions he has had with the Royal Statistical Society on the use of the consumer price index as a measure for inflation compensation; and if he will make a statement;
To ask the Secretary of State for Work and Pensions (1) what discussions he has had with the Royal Statistical Society on the use of the consumer price index as a measure for inflation compensation; and if he will make a statement;
Asked by
Rachel Reeves
(Labour)
Answered by
Steve Webb
(Liberal Democrat)
Answering body
Department for Work and Pensions
Type
Written questions
Status
Answered
Tabled on
16 December 2010
For answer on
21 December 2010
Answered on
21 December 2010
The Government believes that CPI is the appropriate index for measuring changes in the cost of living. It may be helpful if I set out some of the consideration that were factors in our reasoning:"1. The CPI is the headline measure of inflation in Great Britain, forming the target for the Bank of England's Monetary Policy Committee;""2. The CPI excludes mortgage interest payments, which are not relevant to the majority of pensioners and benefit recipients;""3. The methodology used the calculate the CPI takes into account the fact that many people tend to trade down to cheaper goods when prices rise which the RPI does not;""4. In terms of population coverage the Retail Price Index (RPI) excludes a significant group of pensioners (pensioner households who receive 75% or more of their income from the State). The CPI includes those pensioners."The decision to switch to the CPI for price measurement for benefit and pension uprating, and provide the statutory minimum for occupational pension indexation, was taken by DWP Ministers with advice following discussions between DWP, HMT and other Departments, using appropriate evidence including that made available by the Office for National Statistics, over which the UK Statistics Authority has oversight. No discussions have taken place between the Department and the Royal Statistical Society on this matter.
Subjects
Pensions; State retirement pensions; Uprating; Consumer prices index
Date
21 December 2010
Reference
32228; 520 c1192W
House
House of Commons
(3) what discussions he has had with the Office for National Statistics on the use of the consumer price index as a measure for inflation compensation.
(3) what discussions he has had with the Office for National Statistics on the use of the consumer price index as a measure for inflation compensation.
Asked by
Rachel Reeves
(Labour)
Answered by
Steve Webb
(Liberal Democrat)
Answering body
Department for Work and Pensions
Type
Written questions
Status
Answered
Tabled on
16 December 2010
For answer on
21 December 2010
Answered on
21 December 2010
The Government believes that CPI is the appropriate index for measuring changes in the cost of living. It may be helpful if I set out some of the consideration that were factors in our reasoning:"1. The CPI is the headline measure of inflation in Great Britain, forming the target for the Bank of England's Monetary Policy Committee;""2. The CPI excludes mortgage interest payments, which are not relevant to the majority of pensioners and benefit recipients;""3. The methodology used the calculate the CPI takes into account the fact that many people tend to trade down to cheaper goods when prices rise which the RPI does not;""4. In terms of population coverage the Retail Price Index (RPI) excludes a significant group of pensioners (pensioner households who receive 75% or more of their income from the State). The CPI includes those pensioners."The decision to switch to the CPI for price measurement for benefit and pension uprating, and provide the statutory minimum for occupational pension indexation, was taken by DWP Ministers with advice following discussions between DWP, HMT and other Departments, using appropriate evidence including that made available by the Office for National Statistics, over which the UK Statistics Authority has oversight. No discussions have taken place between the Department and the Royal Statistical Society on this matter.
Subjects
Pensions; State retirement pensions; Uprating; Consumer prices index
Date
21 December 2010
Reference
32230; 520 c1192W
House
House of Commons
(2) what discussions he has had with the UK Statistics Authority on the use of the consumer price index as a measure for inflation compensation;
(2) what discussions he has had with the UK Statistics Authority on the use of the consumer price index as a measure for inflation compensation;
Asked by
Rachel Reeves
(Labour)
Answered by
Steve Webb
(Liberal Democrat)
Answering body
Department for Work and Pensions
Type
Written questions
Status
Answered
Tabled on
16 December 2010
For answer on
21 December 2010
Answered on
21 December 2010
The Government believes that CPI is the appropriate index for measuring changes in the cost of living. It may be helpful if I set out some of the consideration that were factors in our reasoning:"1. The CPI is the headline measure of inflation in Great Britain, forming the target for the Bank of England's Monetary Policy Committee;""2. The CPI excludes mortgage interest payments, which are not relevant to the majority of pensioners and benefit recipients;""3. The methodology used the calculate the CPI takes into account the fact that many people tend to trade down to cheaper goods when prices rise which the RPI does not;""4. In terms of population coverage the Retail Price Index (RPI) excludes a significant group of pensioners (pensioner households who receive 75% or more of their income from the State). The CPI includes those pensioners."The decision to switch to the CPI for price measurement for benefit and pension uprating, and provide the statutory minimum for occupational pension indexation, was taken by DWP Ministers with advice following discussions between DWP, HMT and other Departments, using appropriate evidence including that made available by the Office for National Statistics, over which the UK Statistics Authority has oversight. No discussions have taken place between the Department and the Royal Statistical Society on this matter.
Subjects
Pensions; State retirement pensions; Uprating; Consumer prices index
Date
21 December 2010
Reference
32229; 520 c1192W
House
House of Commons
To ask the Secretary of State for Work and Pensions what methodology he used to determine his policy on the use of the consumer price index as a measure of inflation in respect of pensions.
To ask the Secretary of State for Work and Pensions what methodology he used to determine his policy on the use of the consumer price index as a measure of inflation in respect of pensions.
Asked by
Rachel Reeves
(Labour)
Answered by
Steve Webb
(Liberal Democrat)
Answering body
Department for Work and Pensions
Type
Written questions
Status
Answered
Tabled on
25 November 2010
For answer on
30 November 2010
Answered on
30 November 2010
The decision to use the consumer prices index (CPI) as the measure of inflation for indexation of benefits and pensions was taken in light of relevant factors, including the profile of price inflation indices and their features, and taken within the wider fiscal context.An example of a feature which led us to decide that the CPI was a better reflection of pensioners' inflationary experience was the fact that the retail prices index includes mortgage interest payments. Mortgage interest payments not relevant to the majority of pensioners, of which only 7% have a mortgage.
Subjects
Pensions; State retirement pensions; Uprating; Consumer prices index
Date
30 November 2010
Reference
27685; 519 c796W
House
House of Commons
To ask the Secretary of State for Work and Pensions at what rate he intends to increase the thresholds for the guaranteed credit and savings credit elements of pension credit after April 2011; and what assessment he has made of the potential effect of such increases on the level of...
To ask the Secretary of State for Work and Pensions at what rate he intends to increase the thresholds for the guaranteed credit and savings credit elements of pension credit after April 2011; and what assessment he has made of the potential effect of such increases on the level of...
Asked by
Rachel Reeves
(Labour)
Answered by
Steve Webb
(Liberal Democrat)
Answering body
Department for Work and Pensions
Type
Written questions
Status
Answered
Tabled on
1 November 2010
For answer on
4 November 2010
Answered on
4 November 2010
An uprating statement for 2011 benefit rates will be made in the House later this year and will include pension credit. The Government have committed to the ““triple guarantee”” for the uprating of basic state pension and in 2011 we will ensure the majority of those on pension credit will benefit from at least the cash increase in the basic state pension. There is a statutory requirement to increase the standard minimum guarantee at least in line with earnings each year.
Subjects
Pension credit; Uprating
Date
4 November 2010
Reference
21835; 517 c933W
House
House of Commons