Moved by
Lord Addington
1: Clause 1, page 1, leave out lines 11 to 16 and insert “must lay before Parliament the draft of an order which increases each of the amounts referred to in subsection (1) above by a percentage no less than—
(a) the difference between the general level of earnings at the beginning of the period under review and the general level of earnings at the end of that period,
(b) the difference between the general level of prices at the beginning of the period under review and the general level of prices at the end of that period, or
(c) 2.5%,
whichever is the greater.”
Member’s explanatory statement
This amendment would probe whether the relevant benefits for the tax year 2020-21 should be up-rated in line with the “triple lock” of the higher of increases in prices, increases in earnings or 2.5%.