Written Question·Department for Work and Pensions·UIN 190358
Income: Debts
Tabled: 20 June 2023
Answered: 27 June 2023
Question
Rachael Maskell
Labour (Co-op) — York Central
To ask the Secretary of State for Work and Pensions, What estimate he has made of the minimum individual income threshold that is required to prevent people from going into debt.
Answer
Mims DaviesEvery person has different requirements and as such there is no objective way of deciding what the minimum individual income is to prevent people from going into debt. Therefore, no such assessment has been made.
The Government is increasing support for low income and vulnerable households with welfare expenditure forecast to rise from £275.6 billion in 2022/23 to £289.4 billion in 2023/24. The Spring Statement made clear that the focus is supporting workforce participation, helping people move into work and increase their earnings.