M
Member
Speaking in the House of Lords on 3 March 2025
Debate
Social Security (Contributions) (Rates, Limits and Thresholds Amendments, National Insurance Funds Payments and Extension of Veteran’s Relief) Regulations 2025Contribution
I now turn to the Child Benefit and Guardian’s Allowance Up-rating Order 2025. The Government are committed to delivering a welfare system that is fair for taxpayers while providing support for those who need it. This instrument will ensure that the benefits for which Treasury Ministers are responsible, and which HMRC delivers, are uprated by inflation in April 2025. Child benefit and guardian’s allowance will increase in line with the consumer prices index, which had inflation at 1.7% in the year to September 2024. Tax credits awards will end on 5 April 2025, so no changes to rates will be required from 2025-26 onwards.
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