Context
The question arises from ongoing concerns about the adequacy of social security payments in light of rising costs.
Question
What recent assessment has been made on the adequacy of benefits in meeting increases in the cost of living?
Answer from Mims Davies
We have taken decisive action by cutting the universal credit taper rate to 55% and increasing work allowances, giving low-income households an extra £1,000 a year. Two cost of living payments totaling £650 are being made to over 8 million households on UC, tax credits, pension credits, and legacy benefits. Additional help includes pensioner support and disability benefits, amounting to more than £37 billion this year.
Not addressed: The assessment of adequacy was not directly addressed.
How: Cutting The Universal Credit Taper Rate, Increasing Work Allowances
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