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.

Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
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.

Reticulating Splines