Source · Select Committees · Treasury Committee
Recommendation 17
17
We welcome the reduction in the Universal Credit taper rate.
Recommendation
We welcome the reduction in the Universal Credit taper rate. It will provide a stronger incentive for many to take on additional work. The additional money will be welcome for many households. However, the taper rate reduction will be of no benefit for recipients of Universal Credit who are not able to work. The Government should think carefully about how it intends to support such people, given the increases in the cost of living that are emerging. (Paragraph 113) 46 Autumn Budget and Spending Review 2021 Budget process
Government Response
Acknowledged
HM Government
Acknowledged
I thank the Committee for their support for the reduction in the Universal Credit taper rate, and for their comments on the cost of living. Recognising the current challenge households are facing with the cost of living, the government is providing total support worth over £20 billion across this financial year and next, most recently committing to £9.1 billion support with rising energy bills.