Member

However, as the noble Lord, Lord Davies, mentioned, there is an increasing disparity between these annual statutory ceiling rises and the actual levy collected by the PPF in recent years. For example, for this year—2025-26—the PPF will collect only 3.2% of the ceiling. This is a statistic expressed in a slightly different way compared to others—the same statistic, I should point out. In these challenging times, when businesses are under immense strain, any relief from the weight of an often burdensome levy offers a small financial reprieve, providing much-needed comfort in the face of an otherwise bleak landscape; I refer, among other things, to the employers’ NICs increases. In the light of this, what mechanisms are being considered to ensure that future strategic challenges and emerging policy issues will be addressed, with the DWP and the PPF working in partnership?