Economy Update Debate

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Department: HM Treasury

Economy Update

Alun Cairns Excerpts
Thursday 26th May 2022

(2 years, 5 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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Well, we did act, and that is why there is already £21 billion of support to help people with the cost of living this year. We are adding £15 billion to that today, after having more certainty about what energy bills will be in the autumn, and that is why we have acted now.

Alun Cairns Portrait Alun Cairns (Vale of Glamorgan) (Con)
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The consumer champion and money saving expert Martin Lewis met the Chancellor on Monday, and he has published a series of requests that he was making upon the Chancellor. He has since stated:

“Wow just reading this back, I think he was listening!”

Will my right hon. Friend continue to meet consumer champions and respected individuals, such as Martin Lewis, who can provide independent assessments of policymaking and judgments on behalf of some of the most vulnerable in society? Does he further recognise that while we have two countries at war in Europe that are either large food producers or large energy providers, there will always be a time when we will not be able to answer everyone’s demands?

Rishi Sunak Portrait Rishi Sunak
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My right hon. Friend makes some excellent points, particularly his macroeconomic point about the geopolitics that we are experiencing at the moment. I am happy to give him my assurance that I will continue to engage with consumer champions such as Martin Lewis. He has provided thoughtful and interesting suggestions, and I hope he will see that many of those have been met in the package we have announced today.