PARLIAMENTARY WRITTEN QUESTION
Universal Credit (23 October 2020)
Question Asked
To ask the Secretary of State for Work and Pensions, what recent discussions she has had with the Chancellor of the Exchequer on previewing the cap on savings for universal credit recipients.
Asked by:
Marsha De Cordova (Labour)
Asked by:
Marsha De Cordova (Labour)
Answer
We have no plans to make any changes to the £16,000 savings limit, and no recent discussions have taken place to that effect.
The limit strikes a balance between protecting less well-off people and the taxpayer, whilst at the same time encouraging saving.
Answered by:
Will Quince (Conservative)
6 November 2020
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