Asked by: Wendy Morton (Conservative - Aldridge-Brownhills)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment she has made of the adequacy of average savings held by (a) low-income households and (b) pensioners for meeting emergency or unforeseen costs.
Answered by Emma Reynolds - Economic Secretary (HM Treasury)
The Government is committed to incentivising saving and investment, helping people to save for their future goals and build greater financial resilience. Individual Savings Accounts (ISAs) support people of all incomes and at all stages of life to save. The Help to Save scheme also supports low-income working households to start a long-term savings habit.
As part of its forthcoming Financial Inclusion Strategy, the Government is considering how households, including those on low incomes, can increase their financial resilience; and how people of all ages across the UK can build emergency savings buffers. In addition to savings, the Financial Inclusion Committee has discussed digital inclusion and access to banking services; access to credit; access to insurance; problem debt; and financial education and capability.
The development of the Financial Inclusion Strategy is being informed by a committee of industry and consumer representatives which I chair. Summaries of the Committee meetings are available on GOV.UK. The Strategy will be published later this year.
No assessment has been made of the adequacy of average savings.
The Government keeps all aspects of the tax system under review.
Asked by: Blake Stephenson (Conservative - Mid Bedfordshire)
Question to the Department for Education:
To ask the Secretary of State for Education, with reference to her Department's press release published on 22 May 2025 entitled, Teachers to benefit from pay boost, if she will make an estimate of the cost to schools of funding the first 1% of the pay award.
Answered by Catherine McKinnell - Minister of State (Education)
Schools are receiving £615 million to support them with the costs of the 2025 pay awards, over and above the funding already being provided to schools in financial year 2025/26. The increase in National Insurance Contributions (NICs) costs were considered when calculating this additional funding.
The department has asked that schools fund, on average, the first 1% of the 2025 pay awards. The impact of this will vary for individual schools based on their circumstances, as they have autonomy over how they use their funding, including any decisions on staffing.
Schools in Central Bedfordshire are receiving £4 million to support them with their NICs costs; we will publish allocations for the 2025 pay grant in the autumn. From 2026/27, funding in respect of both NICs costs, and the 2025 pay awards, will be incorporated into schools’ core budgets through the national funding formula.
The department provides a suite of free tools, guidance and support, developed in partnership with the sector, to help schools better manage their spending. Schools are already making savings and bringing core operating costs down: for example, the 400 schools who participated in the department’s new energy for schools pilot will save 36% on average compared to their previous contracts, which will free up vital funding to deliver for children and young people. We are also making plans to secure better banking solutions for schools, getting them better returns on their cash balances.
Additionally, all schools can access services such as the get help buying for schools service to get best value when procuring goods and our teaching vacancies service to save recruitment costs. Since, workforce deployment is the biggest component of school budgets, we will support schools to benefit fully from the tools we offer to benchmark and integrate resourcing and curriculum planning, such as the financial benchmarking and insights tool. We will also introduce a new toolkit to support schools to adopt evidence-based deployment models. This will focus on data that helps schools identify areas for improvement and support to learn from best practice peers who are delivering strong outcomes for pupils with an efficient deployment model.
Asked by: Blake Stephenson (Conservative - Mid Bedfordshire)
Question to the Department for Education:
To ask the Secretary of State for Education, with reference to her Department's press release published on 22 May 2025 entitled Teachers to benefit from pay boost, what estimate she has made of the increase in employers’ National Insurance costs for schools.
Answered by Catherine McKinnell - Minister of State (Education)
Schools are receiving £615 million to support them with the costs of the 2025 pay awards, over and above the funding already being provided to schools in financial year 2025/26. The increase in National Insurance Contributions (NICs) costs were considered when calculating this additional funding.
The department has asked that schools fund, on average, the first 1% of the 2025 pay awards. The impact of this will vary for individual schools based on their circumstances, as they have autonomy over how they use their funding, including any decisions on staffing.
Schools in Central Bedfordshire are receiving £4 million to support them with their NICs costs; we will publish allocations for the 2025 pay grant in the autumn. From 2026/27, funding in respect of both NICs costs, and the 2025 pay awards, will be incorporated into schools’ core budgets through the national funding formula.
The department provides a suite of free tools, guidance and support, developed in partnership with the sector, to help schools better manage their spending. Schools are already making savings and bringing core operating costs down: for example, the 400 schools who participated in the department’s new energy for schools pilot will save 36% on average compared to their previous contracts, which will free up vital funding to deliver for children and young people. We are also making plans to secure better banking solutions for schools, getting them better returns on their cash balances.
Additionally, all schools can access services such as the get help buying for schools service to get best value when procuring goods and our teaching vacancies service to save recruitment costs. Since, workforce deployment is the biggest component of school budgets, we will support schools to benefit fully from the tools we offer to benchmark and integrate resourcing and curriculum planning, such as the financial benchmarking and insights tool. We will also introduce a new toolkit to support schools to adopt evidence-based deployment models. This will focus on data that helps schools identify areas for improvement and support to learn from best practice peers who are delivering strong outcomes for pupils with an efficient deployment model.
Asked by: Blake Stephenson (Conservative - Mid Bedfordshire)
Question to the Department for Education:
To ask the Secretary of State for Education, with reference to her Department's press release published on 22 May 2025 entitled Teachers to benefit from pay boost, if she will make an estimate of the change in the (a) employers’ National Insurance and (b) salary costs for schools in Bedfordshire constituency between (i) 2024-25 and (ii) 2025-26.
Answered by Catherine McKinnell - Minister of State (Education)
Schools are receiving £615 million to support them with the costs of the 2025 pay awards, over and above the funding already being provided to schools in financial year 2025/26. The increase in National Insurance Contributions (NICs) costs were considered when calculating this additional funding.
The department has asked that schools fund, on average, the first 1% of the 2025 pay awards. The impact of this will vary for individual schools based on their circumstances, as they have autonomy over how they use their funding, including any decisions on staffing.
Schools in Central Bedfordshire are receiving £4 million to support them with their NICs costs; we will publish allocations for the 2025 pay grant in the autumn. From 2026/27, funding in respect of both NICs costs, and the 2025 pay awards, will be incorporated into schools’ core budgets through the national funding formula.
The department provides a suite of free tools, guidance and support, developed in partnership with the sector, to help schools better manage their spending. Schools are already making savings and bringing core operating costs down: for example, the 400 schools who participated in the department’s new energy for schools pilot will save 36% on average compared to their previous contracts, which will free up vital funding to deliver for children and young people. We are also making plans to secure better banking solutions for schools, getting them better returns on their cash balances.
Additionally, all schools can access services such as the get help buying for schools service to get best value when procuring goods and our teaching vacancies service to save recruitment costs. Since, workforce deployment is the biggest component of school budgets, we will support schools to benefit fully from the tools we offer to benchmark and integrate resourcing and curriculum planning, such as the financial benchmarking and insights tool. We will also introduce a new toolkit to support schools to adopt evidence-based deployment models. This will focus on data that helps schools identify areas for improvement and support to learn from best practice peers who are delivering strong outcomes for pupils with an efficient deployment model.
Asked by: Blake Stephenson (Conservative - Mid Bedfordshire)
Question to the Department for Education:
To ask the Secretary of State for Education, with reference to her Department's press release published on 22 May 2025 entitled Teachers to benefit from pay boost, what guidance she has issued to schools on steps to make savings through increased productivity.
Answered by Catherine McKinnell - Minister of State (Education)
Schools are receiving £615 million to support them with the costs of the 2025 pay awards, over and above the funding already being provided to schools in financial year 2025/26. The increase in National Insurance Contributions (NICs) costs were considered when calculating this additional funding.
The department has asked that schools fund, on average, the first 1% of the 2025 pay awards. The impact of this will vary for individual schools based on their circumstances, as they have autonomy over how they use their funding, including any decisions on staffing.
Schools in Central Bedfordshire are receiving £4 million to support them with their NICs costs; we will publish allocations for the 2025 pay grant in the autumn. From 2026/27, funding in respect of both NICs costs, and the 2025 pay awards, will be incorporated into schools’ core budgets through the national funding formula.
The department provides a suite of free tools, guidance and support, developed in partnership with the sector, to help schools better manage their spending. Schools are already making savings and bringing core operating costs down: for example, the 400 schools who participated in the department’s new energy for schools pilot will save 36% on average compared to their previous contracts, which will free up vital funding to deliver for children and young people. We are also making plans to secure better banking solutions for schools, getting them better returns on their cash balances.
Additionally, all schools can access services such as the get help buying for schools service to get best value when procuring goods and our teaching vacancies service to save recruitment costs. Since, workforce deployment is the biggest component of school budgets, we will support schools to benefit fully from the tools we offer to benchmark and integrate resourcing and curriculum planning, such as the financial benchmarking and insights tool. We will also introduce a new toolkit to support schools to adopt evidence-based deployment models. This will focus on data that helps schools identify areas for improvement and support to learn from best practice peers who are delivering strong outcomes for pupils with an efficient deployment model.
Asked by: Bell Ribeiro-Addy (Labour - Clapham and Brixton Hill)
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, whether she plans to introduce safeguards for pensions against future (a) sale and (b) transfer of pension funds to (i) insurance companies and (ii) other entities.
Answered by Torsten Bell - Parliamentary Secretary (HM Treasury)
Insurance buyout is a long-established way of ensuring members get the full value of their promised defined benefit (DB) pensions from an insurer, backed by a 100 per cent compensation from the Financial Services Compensation Scheme. This is widely regarded as a positive outcome for scheme beneficiaries.
The Pension Schemes Bill 2025 introduces a regulatory framework for “superfunds”, which can consolidate closed DB schemes where buyout is unaffordable. Member security is at the heart of the new regime, which has rigorous safeguards and robust funding requirements. Superfunds will also continue to be overseen by the Pensions Regulator and underpinned by the Pensions Protection Fund.
Trustees must be satisfied that transferring the liabilities of the scheme to an insurer, or to a superfund, is in the best interests of the members before any transfer can take place.
Asked by: Andrew Snowden (Conservative - Fylde)
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, pursuant to the Answer of 18 June 2025 to Question 59059 on Carer's Allowance, what (a) metrics and (b) criteria her Department uses to assess the adequacy of Carer’s Allowance in meeting carers' financial needs.
Answered by Stephen Timms - Minister of State (Department for Work and Pensions)
DWP monitors the operation of Carer’s Allowance (CA) and keeps the benefit under continual review to see if it is meetings its objectives, which are to provide a measure of financial support and recognition for people who are not able to work full time because of their caring responsibilities.
We will continue to spend record amounts on CA to provide unpaid carers with the help and support they need and deserve, with CA being uprated each year by the Consumer Price Index to help ensure it maintains its value. As set out in my answer to PQW/24-25/2025/54424, it is important to remember that unpaid carers can also receive means-tested benefits which contain additional amounts specifically to recognise the extra costs and responsibilities of being an unpaid carer.
Making international comparisons of benefits and other support is far from straightforward. There are a range of support measures introduced by national governments where caring is taking place. Sometimes their primary objective is to provide financial support for the older or disabled person to help meet the additional costs of needing care and are typically accessed through an assessment of the amount of help required by the disabled or older person. They are also frequently paid to the person receiving care, on the assumption that they will then pass them on to a family caregiver of their choice, sometimes with no formal requirement of how it should be used.
Many national schemes are funded through social health or protection insurance payments and the carer’s access to any support is often entirely dependent on the insurance entitlement of the individual or person receiving care. In other instances, ‘cash for care’ measures are aimed at offering consumer-style choice to older and disabled people. In such instances, benefitting carers, if at all, is a secondary aim. In both instances these measures differ widely in terms of target group, eligibility criteria, interactions with formal care service, payment levels and whether they are means-tested. Their impact on carers also varies, depending on local labour markets, the availability of formal long-term care services, and social attitudes towards the roles of families in caring for older and disabled people. Australia and Ireland have schemes which are most similar to the UK system in that they offer support directly to carers, but very importantly they are means tested, unlike CA.
We have no current plans to commission specific research into the adequacy of CA or its detailed impacts.
Asked by: Andrew Snowden (Conservative - Fylde)
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, pursuant to the Answer of 18 June 2025 to Question 59059 on Carer's Allowance, whether her Department has (a) conducted and (b) commissioned research into the potential impact of the level of Carer’s Allowance on carers’ (i) mental health, (ii) financial stability and (iii) ability to access respite.
Answered by Stephen Timms - Minister of State (Department for Work and Pensions)
DWP monitors the operation of Carer’s Allowance (CA) and keeps the benefit under continual review to see if it is meetings its objectives, which are to provide a measure of financial support and recognition for people who are not able to work full time because of their caring responsibilities.
We will continue to spend record amounts on CA to provide unpaid carers with the help and support they need and deserve, with CA being uprated each year by the Consumer Price Index to help ensure it maintains its value. As set out in my answer to PQW/24-25/2025/54424, it is important to remember that unpaid carers can also receive means-tested benefits which contain additional amounts specifically to recognise the extra costs and responsibilities of being an unpaid carer.
Making international comparisons of benefits and other support is far from straightforward. There are a range of support measures introduced by national governments where caring is taking place. Sometimes their primary objective is to provide financial support for the older or disabled person to help meet the additional costs of needing care and are typically accessed through an assessment of the amount of help required by the disabled or older person. They are also frequently paid to the person receiving care, on the assumption that they will then pass them on to a family caregiver of their choice, sometimes with no formal requirement of how it should be used.
Many national schemes are funded through social health or protection insurance payments and the carer’s access to any support is often entirely dependent on the insurance entitlement of the individual or person receiving care. In other instances, ‘cash for care’ measures are aimed at offering consumer-style choice to older and disabled people. In such instances, benefitting carers, if at all, is a secondary aim. In both instances these measures differ widely in terms of target group, eligibility criteria, interactions with formal care service, payment levels and whether they are means-tested. Their impact on carers also varies, depending on local labour markets, the availability of formal long-term care services, and social attitudes towards the roles of families in caring for older and disabled people. Australia and Ireland have schemes which are most similar to the UK system in that they offer support directly to carers, but very importantly they are means tested, unlike CA.
We have no current plans to commission specific research into the adequacy of CA or its detailed impacts.
Asked by: Andrew Snowden (Conservative - Fylde)
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, pursuant to the Answer of 18 June 2025 to Question 59059 on Carer's Allowance, whether her Department has made a comparative assessment of Carer's Allowance with equivalent support mechanisms provided to unpaid carers in other OECD countries.
Answered by Stephen Timms - Minister of State (Department for Work and Pensions)
DWP monitors the operation of Carer’s Allowance (CA) and keeps the benefit under continual review to see if it is meetings its objectives, which are to provide a measure of financial support and recognition for people who are not able to work full time because of their caring responsibilities.
We will continue to spend record amounts on CA to provide unpaid carers with the help and support they need and deserve, with CA being uprated each year by the Consumer Price Index to help ensure it maintains its value. As set out in my answer to PQW/24-25/2025/54424, it is important to remember that unpaid carers can also receive means-tested benefits which contain additional amounts specifically to recognise the extra costs and responsibilities of being an unpaid carer.
Making international comparisons of benefits and other support is far from straightforward. There are a range of support measures introduced by national governments where caring is taking place. Sometimes their primary objective is to provide financial support for the older or disabled person to help meet the additional costs of needing care and are typically accessed through an assessment of the amount of help required by the disabled or older person. They are also frequently paid to the person receiving care, on the assumption that they will then pass them on to a family caregiver of their choice, sometimes with no formal requirement of how it should be used.
Many national schemes are funded through social health or protection insurance payments and the carer’s access to any support is often entirely dependent on the insurance entitlement of the individual or person receiving care. In other instances, ‘cash for care’ measures are aimed at offering consumer-style choice to older and disabled people. In such instances, benefitting carers, if at all, is a secondary aim. In both instances these measures differ widely in terms of target group, eligibility criteria, interactions with formal care service, payment levels and whether they are means-tested. Their impact on carers also varies, depending on local labour markets, the availability of formal long-term care services, and social attitudes towards the roles of families in caring for older and disabled people. Australia and Ireland have schemes which are most similar to the UK system in that they offer support directly to carers, but very importantly they are means tested, unlike CA.
We have no current plans to commission specific research into the adequacy of CA or its detailed impacts.
Asked by: Helen Morgan (Liberal Democrat - North Shropshire)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what steps she is taking to ensure insurers (a) settle claims and (b) proceed litigation as (i) quickly and (ii) cheaply as possible.
Answered by Emma Reynolds - Economic Secretary (HM Treasury)
The Financial Conduct Authority (FCA) is the independent body responsible for regulating and supervising the financial services industry, and sets the conduct standards required of insurance firms. Under FCA rules, insurers must handle claims fairly and promptly.