Oral Answers to Questions

Neil Carmichael Excerpts

Wednesday 15th January 2014 Commons Chamber

[Mrs Villiers]

Of course it is a matter of regret that anyone feels the need to go to a food bank, but the Government are doing everything they can to support people on low incomes with the cost of living. I hope the Opposition will welcome the fact that inflation fell to 2% yesterday. We will continue to give people support, in particular with our triple lock on pensions that delivered the biggest ever single cash increase in the state pension, and we will continue to deal with the deficit. The real threat to the cost of living would be a Labour Government, who would put up taxes and see interest rates increased.

[Neil Carmichael (Stroud) (Con)]

12. Does the Secretary of State agree that the real way to deal with cost of living issues is to pursue economic growth with a long-term strategy to rebalance the economy, and that that applies to Northern Ireland, particularly in engineering and manufacturing?

[Mrs Villiers]

My hon. Friend is absolutely right. The only way to achieve a sustainable increase in living standards is to run the economy efficiently and effectively, and to have a credible plan to deal with the deficit. That is the way we can keep interest rates low and deal with inflation, and that is the way we can make this country a wealthier place.