Eighth Report - Autumn Statement 2022 – Cost of living payments

Select Committee
Treasury Committee HC 740 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 tracker
Clear

Recommendations & Conclusions

1 results
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
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