{"value":{"id":1954077,"memberId":5430,"member":null,"memberRole":"The Treasury Lords Minister","uin":"HLWS434","dateMade":"2026-10-28T00:00:00","answeringBodyId":14,"answeringBodyName":"Treasury","title":"Social Security update","text":"<p>My right honourable friend the Chief Secretary to the Treasury (Emma Reynolds) has today made the following Written Ministerial Statement.</p><p>The Tax Credits Act 2002 and the Social Security Administration Act 1992 place a statutory duty on His Majesty’s Treasury to review the rates of tax credits and Child Benefit each year in line with the general level of prices. There is a further statutory duty on the Treasury to increase Guardian’s Allowance in line with price growth. I have now concluded the review for the tax year 2027/28.</p><p>I have decided to increase Child Benefit rates in line with the Consumer Price Index (CPI) for the year to September 2026, which is 3.5%. Guardian’s Allowance will also increase by the same rate. This means that, from 12 April 2027:</p><ul><li>the Child Benefit rate for the eldest child will increase from £27.05 to £28.00 per week;</li><li>the Child Benefit rate for other children will increase from £17.90 to £18.55 per week;</li><li>Guardian’s Allowance will increase from £22.95 to £23.75 per week.</li></ul><p>I have determined that there will be no need for changes to tax credits rates in the tax year 2027/28, as there are no tax credits awards after 5 April 2025.</p><p>The new rates will apply across the United Kingdom. I will deposit the full list of these rates in the House Libraries shortly.</p>","house":"Lords","noticeNumber":0,"hasAttachments":false,"hasLinkedStatements":true,"linkedStatements":[{"linkedStatementId":1954074,"linkType":"JointStatement","linkDate":"2026-10-28T00:00:00"}],"attachments":[]},"links":[{"rel":"self","href":"/Statements/1954077","method":"GET"}]}