Covid-19: Economic Costs - Question

Part of the debate – in the House of Lords at 12:08 pm on 28 July 2020.

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Photo of Baroness Penn Baroness Penn Baroness in Waiting (HM Household) (Whip) 12:08, 28 July 2020

My Lords, I will not anticipate the spending review at this stage, but I can reassure noble Lords that analysis done of action taken by the Government until the end of May has shown that those interventions, alongside the existing tax and welfare system, have helped to reduce the loss of income of working households by up to two-thirds. The poorest households have received the most support as a proportion of their income. These measures have included, as noble Lords will know, the increase in the standard allowance of universal credit by £1,400 a year on top of existing uprating measures.