UK Parliament / Open data

Welfare Benefits Up-rating Bill

That is a more reflective point; it is just not exactly what the amendment before us today actually refers to. It refers to the financial measures of “absolute

low income”. Is that the one that is based on 1998-99 and uprated for inflation in a direct line?

My point is that there is an absolute crying need, of which we are all absolutely aware. There is child poverty out there and we need to strain every sinew to ensure that we tackle it. Also, we have no doubt that on the current measure there is no question that it is going to increase. The Office for Budget Responsibility’s figures forecast that as the recovery gets under way, private sector earnings will increase by 4.6% per annum. It does not take a great mathematical mind—which is fortunate for me—to figure out that with what we are dealing with today, as well as the likely increase in private sector incomes, we are going to see the gap rising and almost an inversion of what has happened over the past few years happening in the future. But there are more indicators that need to be examined to give us a holistic picture and to ensure that we target scarce resources where they are needed most.

Type
Proceeding contribution
Reference
743 cc1420-1 
Session
2012-13
Chamber / Committee
House of Lords chamber
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