Source · Select Committees · Treasury Committee

Eighth Report - Autumn Statement 2022 – Cost of living payments

Treasury Committee HC 740 Published 14 December 2022

Report Status

Government responded

Conclusions & Recommendations

4 items (1 rec)

Source

View on Parliament website ↗

Government Response

AI assessment · 4 of 4 classified

Accepted in Part 1

Acknowledged 1

Not Addressed 2

Government response

Fourth Special Report - Autumn Statement 2022 – Cost of living payments: Government response to the Committee’s Eighth Report · published 27 Feb 2023

Read the government response ↗ Response on the Index

Recommendations & Conclusions

1 item

5 Conclusion Acknowledged

Cliff-edges remain present elsewhere.

Conclusion

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 … Read more

Government Response Summary

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 protecting the most vulnerable in society.

HM Treasury

View Details →