Oral Answers to Questions
Debate between Michael Wheeler and Rachel Reeves(3 days, 2 hours ago)
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Michael Wheeler (Worsley and Eccles) (Lab)
The Chancellor of the Exchequer (Rachel Reeves)
The Government are committed to improving living standards for people across the UK. Thanks to decisions I made in the Budget, the energy price cap reduced by £117 a year, on average, in April. We have extended the cut in fuel duty twice, and introduced an anti-profiteering framework to protect working people from unfair price rises during the Iran conflict.
Michael Wheeler
I strongly welcome the steps that the Government have taken to bring down my constituents’ energy bills from the start of this month. However, the effects of the war in Iran are now beginning to feed through into higher food prices. Pressures on oil and fertiliser costs are likely to intensify, and I am concerned about increases in the price of my constituents’ weekly shop at a time when their budgets are already strained. Will the Chancellor outline what steps the Government have taken to protect my constituents in Worsley and Eccles from rising food prices?
Rachel Reeves
My hon. Friend speaks powerfully on behalf of his constituents. The response of this Government during this conflict is, first, to try to de-escalate it. This is not a war that we started, and it is not a war that we joined. Unlike the Conservatives and Reform, we are working to de-escalate, not ramp up, the conflict, and that is the best way to keep prices down. As long as the conflict persists, we will do everything in our power to be both responsive and responsible in the national interest, which is why we are keeping energy bills down and why we have provided £53 million of support for people who need heating oil.
Oral Answers to Questions
Debate between Michael Wheeler and Rachel Reeves(1 month, 3 weeks ago)
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Michael Wheeler (Worsley and Eccles) (Lab)
The Chancellor of the Exchequer (Rachel Reeves)
Stability is the most important thing that we can do to get interest rates and inflation down, and tackling the cost of living—especially given the global headwinds—is my top priority. At the Budget, we took money off energy bills and froze prescription charges and train fares. The Government’s cheaper fuel finder scheme is now online, and it shows petrol prices at forecourts across the country. Yesterday, some petrol retailers charged almost 180p per litre, while others were charging less than 130p per litre. This Government will not tolerate price gouging, and I will be meeting with petrol retailers this week to raise concerns and to get prices down at the pumps for all our constituents.
Rachel Reeves
The Renters’ Rights Act 2025, which will come into force in the next month or so, will make a big difference to my hon. Friend’s constituents and to all our constituents who are contending with living in the private rented sector—particularly with issues such as evictions, but also with mid-term rent increases. At the same time, we have put £39 billion into our social and affordable homes programme so that more people can get a council house or a social home rather than living in the private rented sector. We are also getting rid of the two-child limit, which the Trussell Trust says will reduce demand for food banks.
Michael Wheeler
While cost of living pressures are affecting people across my constituency of Worsley and Eccles, young families face a perfect storm. Whether it is housing costs, expensive childcare or student loans, many young families are struggling, and research shows that the cost of living crisis is holding people back from even starting a family. Will the Chancellor outline what measures the Government are taking to alleviate the financial burdens on young families, in addition to their welcome moves to expand free childcare?
Rachel Reeves
We absolutely recognise the pressures facing families. Bringing stability back to the economy is the No. 1 thing that we can do for working families. There have been six cuts in interest rates since the general election, which has seen the average cost of servicing a mortgage come down by about £1,300 a year. The Renters’ Rights Act will come into force shortly to give greater rights to people in the private rented sector. The free childcare offer, which is now fully funded, ensures that parents with children aged between nine months and five years get free childcare if they are in work. From next month, the end of the two-child benefit limit will lift 450,000 children out of poverty.