Oral Answers to Questions

Mike Wood Excerpts

Wednesday 29th October 2025 Commons Chamber

[The Prime Minister]

I know how important face-to-face banking is on our high streets. As my hon. Friend says, we have committed to rolling out 350 banking hubs across the United Kingdom, and over 180 are already open. However, I want to reassure him that 350 is not the limit; although decisions over hubs are taken independently, they can be rolled out wherever a community needs one. I am happy to make sure the relevant Minister follows up with details for him.

[Mike Wood (Kingswinford and South Staffordshire) (Con)]

Q9.   I am proud that the last Government introduced the triple lock, and we have committed to keeping it. [Interruption.]

[Mr Speaker]

Order. The problem is, one or two of you are trying to catch my eye. If we don’t get through this, you won’t get a chance.

[Mike Wood]

Thank you, Mr Speaker.

The triple lock was a great achievement of the previous Government, and we will be keeping it. From April, pensioners with private pensions as low as £2 a month will be paying income tax for the first time. At last year’s Budget, the Chancellor was clear that extending the freeze on personal allowances would breach Labour’s manifesto commitment. Will the Prime Minister prove the media speculation wrong, keep his promise and guarantee that there will be no extension to the freeze on personal allowances?

[The Prime Minister]

The freeze was introduced by them. That is why it is coming in next year.