Autumn 2022 Fiscal Events

Treasury Committee Closed Inquiry
Opened: 4 Oct 2022 Closed: 21 Jun 2023 Parliament page
1 Recommendation
3 Conclusions
1 Report
10 Letters
6 Events
Activity timeline 18 events
27 Feb
2023
Report published
14 Dec
2022
Report published
12 Dec
2022
Correspondence
30 Nov
2022
Correspondence
23 Nov
2022
Formal meeting (oral evidence session) · The Grimond Room, Portcullis House
22 Nov
2022
Formal meeting (oral evidence session) · The Wilson Room, Portcullis House
21 Nov
2022
Formal meeting (oral evidence session) · The Wilson Room, Portcullis House
14 Nov
2022
Correspondence
26 Oct
2022
Correspondence
26 Oct
2022
Correspondence
26 Oct
2022
Formal meeting (oral evidence session) · The Grimond Room, Portcullis House
19 Oct
2022
Formal meeting (oral evidence session) · The Grimond Room, Portcullis House
Title HC No. Published Items Response
Eighth Report - Autumn Statement 2022 – Cost of living payments HC 740 14 Dec 2022 4 Responded
Recommendations & Conclusions
4 results
2 Conclusion Not Addressed
Eighth Report - Autumn Statement 2…
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 … Read more
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 course of the financial year (Spring 2023, Autumn 2023 and Spring 2024).
HM Treasury
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3 Recommendation Accepted in Part
Eighth Report - Autumn Statement 2…
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 … Read more
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 and Spring 2024).
HM Treasury
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4 Conclusion Not Addressed
Eighth Report - Autumn Statement 2…
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 payments. It mentions work to develop a new approach to consumer protection in energy markets, but it is not related to the committee's request.
HM Treasury
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5 Conclusion Acknowledged
Eighth Report - Autumn Statement 2…
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 … Read more
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 protecting the most vulnerable in society.
HM Treasury
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Government Response AI assessment · 4 of 1 classified
Accepted in Part 1
Acknowledged 1
Not Addressed 2
Total 1 rec + 3 conclusions
Correspondence 10 letters
12 Dec 2022 Correspondence from the Chancellor of the Exchequer, relating to the session on ‘Autumn 2022 Fiscal Events’ on 23 November, dated 12 December
Parliament page
30 Nov 2022 Correspondence from the Debt Management Office, relating to the ‘Autumn 2022 Fiscal Events’ inquiry, dated 14 November
Parliament page
14 Nov 2022 To committee Letter from the Chancellor of the Exchequer - New date of the Autumn Statement
Parliament page
26 Oct 2022 Correspondence from the Interim Chair to the Chancellor of the Exchequer, relating to the Autumn Statement and the Office for Budget Responsibility forecasts, dated 26 October
Parliament page
26 Oct 2022 Correspondence from the Chancellor of the Exchequer, relating to the Autumn Statement and the Office for Budget Responsibility forecasts, dated 26 October
Parliament page
10 Oct 2022 Correspondence from the Chancellor of the Exchequer, relating to Office for Budget Responsibility forecasts and the Medium-Term Fiscal Plan, dated 10 October
Parliament page
30 Sep 2022 To committee Letter from the Office for Budget Responsibility, relating to the autumn forecast timetable, dated 29 September 2022
Parliament page
30 Sep 2022 To committee Letter from the Chancellor of the Exechequer, relating to Office for Budget Responsibility forecasts, dated 26 September
Parliament page
30 Sep 2022 To committee Letter from the Chancellor of the Exchequer, relating to the notification of amendment to the indemnity for the Bank’s Asset Purchase Facility, dated 28 September
Parliament page
30 Sep 2022 To committee Letter from the National Institute of Economic and Social Research, relating to monetary and fiscal cooperation, dated 27 September 2022
Parliament page