Women: Cost of Living Debate
Full Debate: Read Full DebateDepartment: Foreign, Commonwealth & Development Office
Baroness Sherlock
Main Page: Baroness Sherlock (Labour - Life peer)Department Debates - View all Baroness Sherlock's debates with the Foreign, Commonwealth & Development Office
(2 years, 9 months ago)
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Baroness Stedman-Scott (Con)
Many noble Lords have made the point about the £20 uplift. To be absolutely straightforward and open, there is nothing I can say about it, other than that for those on universal credit the taper rate compensated for some of the withdrawal. There are moments when I wish I was Chancellor.
Baroness Sherlock (Lab)
My Lords, let me spell out what this is going to do. Inflation is running at record rates. The Bank of England forecasts that, next month, it will go up to 7.25%. That forecast was made before the war in Ukraine. Benefits are going to go up by 3%. Next month, the energy price cap will go up to £2,000. People are currently being offered £3,500 fixed-price tariffs. To put that in context, that is £67 a week. We give an adult on universal credit or JSA £75 a week to live on. How are they possibly meant to manage?