Select Committee · Treasury Committee

Autumn 2022 Fiscal Events

Status: Closed Opened: 4 Oct 2022 Closed: 21 Jun 2023 1 recommendation 3 conclusions 1 report

Reports

1 report
Title HC No. Published Items Response
Eighth Report - Autumn Statement 2022 – Cost of living paym… HC 740 14 Dec 2022 4 Responded

Recommendations & Conclusions

4 items
2 Conclusion Eighth Report - Autumn Statement 2022 –… Not Addressed

The Government provision of additional support to those on low incomes through one-off payments presents...

The Government provision of additional support to those on low incomes through one-off payments presents a problem of cliff-edges to that support. If someone doesn’t match the criteria required of the means-tested benefits, both in terms of income and the time they are being assessed for eligibility, they will not …

Government response. The government did consider a greater number of lump-sum payments than the two in 2022-23 and announced on 3 January 2023 that the £900 Cost of Living Payment for means-tested benefit claimants will be delivered in three payments over the …
HM Treasury
3 Recommendation Eighth Report - Autumn Statement 2022 –… Accepted in Part

We recommend that the Government consider a greater number of lump-sum payments than the two...

We recommend that the Government consider a greater number of lump-sum payments than the two in 2022–23, which would better ensure that more households have support at the time of their greatest need, and would reduce the severity of the disincentives to work within each relevant assessment period. We recommend …

Government response. The government rejected the recommendation to mirror the Energy Bill Support Scheme. The government will deliver the £900 Cost of Living Payment for means-tested benefit claimants in three payments over the course of the financial year (Spring 2023, Autumn 2023 …
HM Treasury
4 Conclusion Eighth Report - Autumn Statement 2022 –… Not Addressed

We would also welcome analysis from the Treasury of: • the work disincentive effects of...

We would also welcome analysis from the Treasury of: • the work disincentive effects of different sizes and frequencies of lump sum payments, and • whether a taper might better incentivise work as part of any subsequent payments from 2024–25.

Government response. The government's response focuses on the timing of announcements to deter fraud and the limitations of the 'Ad Hoc Payment System', rather than addressing the request for analysis of work disincentive effects or the potential for a taper in future …
HM Treasury
5 Conclusion Eighth Report - Autumn Statement 2022 –… Acknowledged

Cliff-edges remain present elsewhere.

Cliff-edges remain present elsewhere. Certain income levels also attract unusually high marginal tax rates or the loss of means-tested entitlements. Such features are distortionary. The Treasury should endeavour to smooth them wherever possible, in areas of its own responsibility, and when considering funding requests from departments. We will return to …

Government response. The Government continues to consider marginal tax and deduction rates in policy to work to improve incentives in the system, ensuring that it always pays to work and that the greatest burden falls on those with the broadest shoulders, whilst …
HM Treasury

Correspondence

10 letters
DateDirectionTitle
12 Dec 2022 Correspondence from the Chancellor of the Exchequer, relating to the session on…
30 Nov 2022 Correspondence from the Debt Management Office, relating to the ‘Autumn 2022 Fi…
14 Nov 2022 To cttee Letter from the Chancellor of the Exchequer - New date of the Autumn Statement
26 Oct 2022 Correspondence from the Interim Chair to the Chancellor of the Exchequer, relat…
26 Oct 2022 Correspondence from the Chancellor of the Exchequer, relating to the Autumn Sta…
10 Oct 2022 Correspondence from the Chancellor of the Exchequer, relating to Office for Bud…
30 Sep 2022 To cttee Letter from the Office for Budget Responsibility, relating to the autumn foreca…
30 Sep 2022 To cttee Letter from the Chancellor of the Exechequer, relating to Office for Budget Res…
30 Sep 2022 To cttee Letter from the Chancellor of the Exchequer, relating to the notification of am…
30 Sep 2022 To cttee Letter from the National Institute of Economic and Social Research, relating to…