TREASURY COMMITTEE ANNOUNCES NEW INQUIRY:
BUDGET MEASURES AND LOW-INCOME HOUSEHOLDS
The Treasury Committee has decided to hold an inquiry into the effect of Budget measures on low-income households which will, in particular:
- seek to analyse the effects of the abolition of the 10 pence rate of income tax on particular groups and overall, taking into account other measures in the 2007 Budget, the 2007 Pre-Budget Report and the 2008 Budget;
- consider possible future measures in this area,
in the context of the Government's strategies to halve child poverty by 2010-11, eradicate fuel poverty in England in vulnerable households by 2010 and to promote the move from welfare to work.
The Committee expects to complete its inquiry and report in advance of the report stage of the Finance Bill in the House of Commons. Further details about the timetable for the inquiry, and an invitation to submit written evidence, including a deadline for the submission of that evidence, will be announced in due course.