Source · Select Committees · Work and Pensions Committee

Recommendation 5

5 Paragraph: 24

While an annual uprating is workable and effective at times of stable inflation, it is...

Recommendation
While an annual uprating is workable and effective at times of stable inflation, it is not appropriate in more volatile economic circumstances and is causing people real hardship. In the medium-term the Department should reduce the length of time between the inflation reference period and the uprating implementation date to allow more flexibility in the system, preferably to the previous quarter end or more recent if possible.
Paragraph Reference: 24
Government Response

A response document is linked to this report, dated 8 September 2022. Response attribution to this conclusion has not been verified. Read the response document ↗