Economic Situation Debate

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Department: HM Treasury

Economic Situation

Deidre Brock Excerpts
Wednesday 12th October 2022

(2 years, 1 month ago)

Commons Chamber
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Chris Philp Portrait Chris Philp
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We certainly do stand with the working poor. That is why we have increased the thresholds to ensure that people on lower incomes pay very little income tax and national insurance. It is why we froze petrol duty, and, indeed, cut it by 5p earlier this year. It is why we have increased the national minimum wage by such a large amount, from just £5.93 an hour under the last Labour Government to £9.50 an hour today. So we do stand on the side of the working poor, and I will certainly continue to work with the hon. Gentleman to ensure that his constituents are looked after and protected in the years ahead.

Deidre Brock Portrait Deidre Brock (Edinburgh North and Leith) (SNP)
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Given that the UK Government, in the run-up to their fiscal statement, chose to ignore warnings from anti-poverty campaigners about the devastating impact that a lack of targeted support for lower-income households would have on those households, will the Chancellor now be making some sort of assessment of the impact that that will have on levels of poverty in the UK?

Chris Philp Portrait Chris Philp
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I dispute the claim that there was no targeting. I have already pointed out that the minimum wage has risen hugely under this Conservative Government, from £5.93 an hour to £9.50 an hour. When we made the first energy intervention this year with the £37 billion package, that was targeted: it was targeted, rightly, at people on lower incomes, so that those on the lower one-third of incomes received £1,200 per annum, and people with disabilities, and some pensioners, received even more than that.