Low Incomes
(asked on 7th December 2021) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what steps his Department is taking to increase wages and support the lowest-income households.
This question was answered on 7th December 2021
The government is increasing the National Living Wage to £9.50 an hour from April 2022, which keeps us on track to meet our target to end low pay by 2024-25.
We have taken decisive action to make work pay by cutting the Universal Credit taper rate from 63p to 55p and increasing Universal Credit work allowances by £500 p.a.
These measures will help us to build a high skilled, high productivity, high wage economy.