capital limits

hello

has anyone heard mention of capital limits increasing?

I don’t think they’ve moved for over a decade?

- while thinking about inflation at the moment ...

https://questions-statements.parliament.uk/written-questions/detail/2023-05-16/185384

and the minister doesn’t answer the question ...

I think they last increased in April 2006

This is an inflation calculator for goods/services, so the ‘value’ of savings may be different:
https://www.bankofengland.co.uk/monetary-policy/inflation/inflation-calculator

seand - 23 June 2023 01:58 PM

I think they last increased in April 2006

1990 in the case of HB

I doubt there is a great deal of political capital in advocating for the rights of people with larger amounts of savings to have access to subsistence benefits.

I think if the question were to be re-opened, the most likely outcome would be that the capital threshold would be substantially reduced, as per the legal aid thresholds (effectively £3k lower limit, £8k upper limit) and the court fee remission thresholds (usually a £3k upper limit). They were both set in 2013 and have never increased either.