Universal Credit
(asked on 30th March 2017) - View Source
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, what estimate his Department has made of the savings to the public purse from the introduction of the minimum income floor for universal credit.
The Office for Budget Responsibility have published our estimated savings due to the minimum income floor for Universal Credit, in table 2.22 of their economic and fiscal outlook supplementary tables. This can be found here: http://budgetresponsibility.org.uk/efo/economic-fiscal-outlook-march-2017/ and the specific line of the table is as follows:
| £ billion | ||||
| Forecast | ||||
| 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 |
Gross saving from the minimum income floor | -0.1 | -0.4 | -0.8 | -1.2 | -1.5 |