Economy Update Debate

Full Debate: Read Full Debate
Department: HM Treasury

Economy Update

Clive Betts Excerpts
Thursday 26th May 2022

(2 years, 5 months ago)

Commons Chamber
Read Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
Rishi Sunak Portrait Rishi Sunak
- View Speech - Hansard - - - Excerpts

I am grateful to my right hon. Friend for his question. He and I have talked about inflation for quite a while. He will know that I have long been concerned about the potential of rising inflation and interest rates. It is something that he and I discussed very early in my time in this job. That is why, from the beginning, I have been careful to protect our public finances against the costs of rising inflation and interest rates. I am glad that we took those decisions. Now, because of that, we are in a position to act and to support people.

Clive Betts Portrait Mr Clive Betts (Sheffield South East) (Lab)
- View Speech - Hansard - -

I have a specific question about the household support fund. The Chancellor says—I think he is saying this—that, wherever people live, if they are in the same circumstances, they will get the same help from this fund. In other words, local authorities will have no control over how much money is spent from the fund. Will he therefore guarantee that councils will get pound for pound from the Government every pound they have to spend for the people who need it?