Treasury

Friday 4th February 2022 Ministerial Corrections

Finance (No. 2) Bill

The following is an extract from Report stage of the Finance (No. 2) Bill on 2 February 2022.

[Lucy Frazer]

We have cut tax for low-income families by introducing the universal credit taper rate, saving working families £1,000 a month.

[Official Report, 2 February 2022, Vol. 708, c. 373.]

Letter of correction from the Financial Secretary to the Treasury, the right hon. and learned Member for South East Cambridgeshire (Lucy Frazer):

An error has been identified in the response given to the hon. Member for Ealing North (James Murray) at Report stage of the Finance (No. 2) Bill.

The correct response should have been:

[Lucy Frazer]

We have cut tax for low-income families by reducing the universal credit taper rate and increasing the work allowance, saving working families £1,000 a year.