Social Security Benefits and State Retirement Pensions: Uprating

Treasury written question – answered on 23rd November 2022.

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Photo of Rachael Maskell Rachael Maskell Labour/Co-operative, York Central

To ask the Chancellor of the Exchequer, with reference to his proposals in the Autumn Statement, CP 751 published on 17 November 2022 on uprating pensions and other social security payments in April 2023, whether he plans to provide additional financial support for people in receipt of those schemes as a means of support through winter before April 2023.

Photo of John Glen John Glen The Chief Secretary to the Treasury

The Government understands that the rising cost of living has presented additional financial challenges to many people, and especially to the most vulnerable members of society. That is why the Government is taking decisive action to support households while ensuring we act in a fiscally responsible way.

In addition to the Energy Price Guarantee, the Government has announced £37 billion of support for the cost of living in 2022-23. As part of this, millions of the most vulnerable households will receive £1200 of support this year through the £400 Energy Bill Support Scheme, £150 Council Tax rebate and one-off £650 Cost of Living Payment for those on means-tested benefits, with additional support for pensioners and those claiming disability benefits.

For households that are not eligible for Cost of Living Payments or for families that need additional support this winter, the Government has provided £500 million to help deliver the Household Support Fund (HSF) between October 2022 to March 2023. The Government has also committed £1 billion to extend the HSF through to March 2024, bringing the total provided to deliver HSF to £2.5 billion.

The Government has announced cost of living support worth £26 billion in 2023-24, in addition to benefits uprating, which is worth £11 billion to working age households and people with disabilities.

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