Below is the text of Mr Major’s written Parliamentary Answer on Supplementary Benefit on 13th January 1987.
Mr. Harris Asked the Secretary of State for Social Services whether he intends to raise the £3,000 capital limit for supplementary benefit.
Mr. Major Not in the short term. However, we have announced proposals for more generous treatment of capital in the income support scheme which is to replace supplementary benefit from April 1988. We propose that the capital limit will be doubled to £6,000, but a weekly income of £1 will be assumed for bands of capital of £250 between £3,000 and £6,000.