Ian Byrne
Main Page: Ian Byrne (Labour - Liverpool, West Derby)Department Debates - View all Ian Byrne's debates with the HM Treasury
(1 year, 11 months ago)
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Rishi Sunak
This is the right decision at the right time. We are providing up to £1,200 of support to the most vulnerable third of households in this country. As I have said, that is roughly similar to the average energy bill increase that we are likely to experience over this year.
Ian Byrne (Liverpool, West Derby) (Lab)
Can the Chancellor tell me if the Treasury has estimated the basic cost of living per week for a single adult, and for different-sized households—yes or no? If it has, how much is it?
Rishi Sunak
I am not sure that I followed the hon. Gentleman’s question, but I know that while many families are facing difficult times, we are providing significant support for them—in total, £37 billion, or 1.5% of GDP. The support we announced today and in February is worth up to £1,200 for a typical vulnerable household—a third of the country.