Economic Update

Martin Vickers Excerpts

Thursday 3rd February 2022 Commons Chamber

[Mr Deputy Speaker (Mr Nigel Evans)]

I call Matt Vickers—[Interruption.] Sorry, Martin Vickers.

[Martin Vickers (Cleethorpes) (Con)]

Thank you, Mr Deputy Speaker. It must have been the mask.

As the Chancellor did at the time of the pandemic, he has put together a very comprehensive protective shield around people in my constituency, and that is very welcome. Many well-paid jobs are being created, particularly in the energy sector, thanks to Government policies, but there are many, particularly in food processing or the security sector, who are on very modest incomes and fixed incomes. Can my right hon. Friend give them an assurance that he will keep this policy under review so that if the energy price rise continues, as is likely, they can be reassured that support will be available?

[Rishi Sunak]

My hon. Friend is always a champion for those who are working hard and doing the right thing, and that is why he has rightly championed the freeport in his constituency to provide jobs and opportunity for those families. I can give him that reassurance. It is because it is likely that energy prices will remain high and may even increase when the October price cap is set that the rebate of £200 will come in in October—in that month. I hope that will help at that time if energy bills continue to rise then, and of course the £150 will come much sooner, which gives him the reassurance he needs. As I said earlier, we do have to be honest and recognise that we are all going to have to adjust to higher energy prices, but what we can do is slow the pace and scale of that adjustment for families across the country.