Economy Update Debate

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Department: HM Treasury

Economy Update

Kim Johnson Excerpts
Thursday 26th May 2022

(2 years ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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I am not sure that I followed the hon. Gentleman’s question, but I know that while many families are facing difficult times, we are providing significant support for them—in total, £37 billion, or 1.5% of GDP. The support we announced today and in February is worth up to £1,200 for a typical vulnerable household—a third of the country.

Kim Johnson Portrait Kim Johnson (Liverpool, Riverside) (Lab)
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In my Liverpool, Riverside constituency, 10 children in a class of 30 are living in poverty, with two thirds living in working families on poverty wages. The targeted one-off payment does not go far enough. Does the Chancellor not agree that increasing welfare benefits in line with inflation and lifting the two-child cap will tackle this problem long term, whereas what he proposes today is a sticking plaster on a gaping wound?

Rishi Sunak Portrait Rishi Sunak
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The hon. Lady may not have heard what I said the last few times I answered this question. What we are doing is more generous than uprating. Uprating is worth on average just over £500; the one-off payment we are providing is £650.