September CPI has been the default inflation measure for the government\u2019s statutory annual review of benefits since 2011 because it allows sufficient time for the legislative and complex delivery process to take place for new rates to come into force in April.<\/p>
In addition to uprating social security benefits, the government is also providing support to families worth over £22 billion in 2022-23 to help families with cost of living pressures. This includes cutting the Universal Credit taper rate and increasing work allowances to make sure work pays, freezing alcohol duties to keep costs down, and providing millions of households with up to £350 to help with rising energy bills.<\/p>
At the Spring Statement, the Chancellor went further, announcing an increase to the annual National Insurance Primary Threshold and Lower Profits Limit to £12,570, and an additional £500m to help the most vulnerable with the cost of essentials through the Household Support Fund. Families and businesses across the UK will also benefit from a 12-month cut in fuel duty of 5 pence per litre, the largest cash terms cut, that has ever been applied to all fuel duty rates at once. This cut represents savings for consumers worth almost £2.4 billion over the next year.<\/p>
And, from 1st April 2022, the National Living Wage (NLW) increased by 6.6% to £9.50 an hour for workers aged 23, which will benefit more than 2 million workers. This means an increase of over £1,000 to the annual earnings of a full-time worker on the NLW.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4655", "label" : {"_value" : "Biography information for Sir Simon Clarke"} } , "answeringMemberConstituency" : {"_value" : "Middlesbrough South and East Cleveland"} , "answeringMemberPrinted" : {"_value" : "Mr Simon Clarke"} , "dateOfAnswer" : {"_value" : "2022-05-24", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2022-05-24T16:54:24.697Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2022-05-16", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Social Security Benefits: Inflation"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, what recent discussions he has had with the Secretary of State for Work and Pensions on immediately uprating benefits in line with the rate of inflation; and if he will make a statement.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/280", "label" : {"_value" : "Biography information for Michael Fabricant"} } , "tablingMemberConstituency" : {"_value" : "Lichfield"} , "tablingMemberPrinted" : [{"_value" : "Michael Fabricant"} ], "uin" : "2350"} , {"_about" : "http://data.parliament.uk/resources/1437421", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1437421/answer", "answerText" : {"_value" : "The general licence INT/2022/1272278 (Wind Down Positions Involving VTB) was issued on 25 February to allow for an orderly wind down of contracts with the bank, which was designated on 24 February. The general licence permits only the wind down of existing activity for third parties and expires on 27 March 2022. The general licence has been granted to reduce disruption in the UK financial system, not to permit VTB to proactively exit positions. It ensures that VTB will not benefit from a situation where UK persons cannot close out their positions or wind down transactions involving the bank."} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4051", "label" : {"_value" : "Biography information for John Glen"} } , "answeringMemberConstituency" : {"_value" : "Salisbury"} , "answeringMemberPrinted" : {"_value" : "John Glen"} , "dateOfAnswer" : {"_value" : "2022-03-07", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2022-03-07T18:29:32.773Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2022-03-02", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "VTB Bank"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, for what reason a 30 day licence has been granted giving permission for any individual or entity to wind down any transactions with Russian bank VTB until 27 March.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/280", "label" : {"_value" : "Biography information for Michael Fabricant"} } , "tablingMemberConstituency" : {"_value" : "Lichfield"} , "tablingMemberPrinted" : [{"_value" : "Michael Fabricant"} ], "uin" : "133125"} , {"_about" : "http://data.parliament.uk/resources/1220638", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1220638/answer", "answerText" : {"_value" : "
The Government has announced unprecedented support for public services, business and workers to protect against the current economic emergency.<\/p>
<\/p>
This includes significant changes to the operation of statutory sick pay, universal credit, and employment and support allowance to ensure that people have quicker and more generous access to a support system, and we have taken further immediate steps to give businesses access to cash to pay its rent, salaries or suppliers.<\/p>
<\/p>
Our economic response is one of the most generous and comprehensive globally and the government is now working urgently to deliver these schemes as quickly as possible.<\/p>
<\/p>
The government is monitoring the impact measures are having with regard to supporting public services, businesses, and individuals, and keeps all policies under review.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4597", "label" : {"_value" : "Biography information for Kemi Badenoch"} } , "answeringMemberConstituency" : {"_value" : "Saffron Walden"} , "answeringMemberPrinted" : {"_value" : "Kemi Badenoch"} , "dateOfAnswer" : {"_value" : "2020-07-10", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2020-07-10T11:18:19.177Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2020-07-03", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Inland Waterways: Coronavirus"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, what steps his Department is taking to protect inland waterway based businesses that are affected by the covid-19 outbreak; and if he will make a statement.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/280", "label" : {"_value" : "Biography information for Michael Fabricant"} } , "tablingMemberConstituency" : {"_value" : "Lichfield"} , "tablingMemberPrinted" : [{"_value" : "Michael Fabricant"} ], "uin" : "68662"} ], "itemsPerPage" : 10, "page" : 0, "startIndex" : 1, "totalResults" : 3, "type" : ["http://purl.org/linked-data/api/vocab#ListEndpoint", "http://purl.org/linked-data/api/vocab#Page"]} }