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The government will bring forward regulations that will increase most tax credits rates and thresholds and will increase the Child Benefit and Guardian’s Allowance rates in line with the general rise in prices as measured by the September 2019 Consumer Price Index. The annual up-rating of benefits will take place for Tax Credits, Child Benefit and Guardian’s Allowance in the first full week of the tax year. In 2020, this will be the week beginning 6 April.
The annual up-rating process takes into account a variety of measures:
The full list of proposed benefit and credit rates will be placed in the Libraries of the House in due course.