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Written question asked by Jonathan Ashworth (Labour) on Wednesday, 13 July 2022, in the House of Commons. It was due for an answer on Wednesday, 20 July 2022 (named day). It was answered by David Rutley (Conservative) on Wednesday, 20 July 2022 on behalf of the Department for Work and Pensions.


Cost of Living Payments

Question

To ask the Secretary of State for Work and Pensions, if she will provide an estimate of the impact of inflation on the real terms value of the second cost of living payment due in Autumn 2022.

Answer

The cost-of-living payment for means-tested benefits is worth up to £650 and is paid out in two instalments. The first instalment is to be paid from the 14th July 2022, worth £326.

The government will automatically pay the second instalment worth £324, in the autumn to eligible households. Inflation forecasts are only available on a quarterly basis.

Therefore it is not possible to estimate the impact of inflation on the real terms value of the second cost of living payment.


Secondary information

Type
Written question
Reference
35946
Session
2022-23
Subjects
Inflation Cost of living payments
Link
View this Written question on www.parliament.uk