Ian Lavery
Main Page: Ian Lavery (Labour - Blyth and Ashington)Department Debates - View all Ian Lavery's debates with the HM Treasury
(2 years, 2 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Kwasi Kwarteng
The hon. Lady is absolutely right to identify childcare as a crucial issue, and I am looking forward to my right hon. Friend the Secretary of State for Education updating the House on that in the next few weeks.
Ian Lavery (Wansbeck) (Lab)
Within seconds, the Chancellor’s financial statement declared war on the trade unions and on those less well-off in society—those on universal credit—and at the same time scrapped the cap on bankers’ bonuses. That is ideology unfettered. Will he say who will benefit most from the huge financial intervention today? Will it be someone on a salary similar to his or will it be a two-parent family with two kids in my constituency who are having to claim UC to top up their income?
Kwasi Kwarteng
The energy intervention will help all the hon. Gentleman’s constituents deal with higher energy costs this winter and the reduction in the basic rate, which we have pulled forward one year, will also help people, to the tune of £330 a year. That covers a broad swathe of our countrymen and women.