Economic Update Debate

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Department: HM Treasury

Economic Update

Karin Smyth Excerpts
Thursday 3rd February 2022

(2 years, 10 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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My hon. Friend is right to highlight one of the categories of those who are exempt that we want to get support to and ensure that they are included in the discretionary fund. I know from our conversations that she has also highlighted those living in rural constituencies such as hers who are off the gas grid, and I hope she is reassured by the answer I gave to the hon. Member for Ceredigion (Ben Lake).

Karin Smyth Portrait Karin Smyth (Bristol South) (Lab)
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The Chancellor’s proposal to “buy now, pay back later” while ignoring the eye-watering profits from oil and gas companies, as he did with the fraudsters, tells us all we need to know about whose side he is on. Prepayment meter customers face a much higher rate—£708 on average—so can he tell us how these plans will help the people who pop down to the corner shop to top up their prepayment cards?

Rishi Sunak Portrait Rishi Sunak
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Around 4 million households have prepayment meters, and about 40% of those will be able to receive the rebate on bills automatically because of the nature of their prepayment meter. For the remaining 60%, we will have to do something more manual and there are various ways we can do that, whether by sending barcodes or QR codes through the post or by email—[Interruption.] Before the Opposition say anything, that is exactly how we already deliver the warm home discount to those people, and we did exactly the same thing in a similar measure in 2012 under the coalition. This affects less than 9% of all households, but we have a plan for them. We will work with the energy companies to ensure that all those on prepayment meters benefit in exactly the same way.