The Growth Plan

Debate between Kwasi Kwarteng and Beth Winter

Friday 23rd September 2022 Commons Chamber

[Kwasi Kwarteng]

Any cursory look at the history of this country shows that the way to deal with debt and cost of living issues is to grow the economy. That is why we are 100% focused on that.

[Beth Winter (Cynon Valley) (Lab)]

As the TUC has pointed out, the Chancellor has said that we have been far too focused on redistribution and not on growth; yet here he is this morning making announcement after announcement that redistributes to the wealthy, lining the pockets of the bankers and the fossil fuel companies. People in my constituency—indeed, millions of people up and down the country—in receipt of public pay, social security benefits or pensions have never benefited from any form of redistribution under this Tory Government. All they have experienced is pay freeze, benefits cap and a freeze on the triple lock. Is it not the case, as the overwhelming evidence shows, that the only thing growing is people’s debt, people’s energy bills and—

Oral Answers to Questions

Debate between Kwasi Kwarteng and Beth Winter

Tuesday 29th March 2022 Commons Chamber

[Beth Winter (Cynon Valley) (Lab)]

T9. For the 11,5000 Cynon Valley households in receipt of social security benefits, the spring statement offered absolutely nothing. Inflation is anticipated to reach 9%, and they are expected to use a disproportionate amount of their income to cover energy cost increases of 50% in April—and another 40% increase is forecast for October. There is to be a social security payment increase of a paltry and quite insulting 3.1%, which links back to the inflation rate in September last year. What consideration have the Government given to introducing a low income energy tariff, so that they can better target support at lower-income households, as suggested by the Welsh Government?

[Kwasi Kwarteng]

As the hon. Lady is aware, we have made a number of interventions that have gone some way to lightening the burden. There is the £9 billion that my right hon. Friend the Chancellor announced a few weeks ago, and £150 off council tax for those in bands A to D. I have reassured the House that we are looking at a range of measures to see how best we can meet the challenge of the next few months. Nobody knows where the price cap will be in October.