Clause 24 - Personal allowances for those aged 65 or more
Finance Bill
10:15 am
Ms Dawn Primarolo (Paymaster General, HM Treasury; Bristol South, Labour)
This is to be consistent with the Government's promises elsewhere on average earnings. The Government increased the guaranteed element of the pension credit by using the July average earnings seasonally adjusted headline rate, and promised to continue to do that for the remainder of the Parliament. Accordingly, we have used the July average earnings measure this year, as in previous years, because of clear commitments that the Government made in this area.
Question put and agreed to.
Clause 24 ordered to stand part of the Bill.