Asked by: Gerald Jones (Labour - Merthyr Tydfil and Aberdare)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what fiscal steps he is taking to help reduce the impact of the rise in the cost of living on households.
Answered by John Glen
The government understands how the rising cost of living is making life harder for people. These are global challenges however, as set out in the Spring Statement, the government is providing support worth over £22 billion in 2022-23 to help families with these pressures.
For example, a typical family with 2 children where one adult is on the average employee salary and the other works 16 hours at the NLW will be around than £3,000 a year better off as a result of recent government action, notably the NICs primary threshold change, UC taper rate and work allowance changes, and increase in the National Living Wage, even taking account the introduction of the Health and Social Care Levy.