Oral Question·Department for Business and Trade
“What steps she is taking with the Chancellor of the Exchequer to help increase access to finance for SMEs.”
Tabled: 18 January 2024Answered: 25 January 2024
Answering Minister
the Secretary of State for Business and Trade
Answer from Hansard
Sir Stephen Timms
As I mentioned earlier, we are committed to reviewing universal credit. The way it works means that in each assessment period—each month—there is a new calculation based on the income that the person has received, as reported by His Majesty’s Revenue and Customs. However, I would be very happy to meet the hon. Gentleman to talk about how the system needs to be improved further.