Lord Campbell-Savours – 2015 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Lord Campbell-Savours on 2015-11-25.

To ask Her Majesty’s Government what is their estimate of the proportion of the concession on tax credits announced in the Spending Review and Autumn Statement 2015 which is offset by the migration to Universal Credit.

Lord O’Neill of Gatley

Universal Credit is a different benefit to Tax Credits. It brings six benefits together as one and therefore comparisons between the two are extremely difficult to make.

Summer Budget 2015 and the Spending Review and Autumn Statement 2015 provide the fiscal impacts of changes to Tax Credits and Universal Credit.