Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Patricia Gibson Excerpts
Tuesday 6th February 2024

(9 months ago)

Commons Chamber
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Rachel Hopkins Portrait Rachel Hopkins (Luton South) (Lab)
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7. What recent assessment he has made of the impact of increases in the cost of living on living standards.

Patricia Gibson Portrait Patricia Gibson (North Ayrshire and Arran) (SNP)
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18. What steps his Department is taking to support households with the cost of living.

Laura Trott Portrait The Chief Secretary to the Treasury (Laura Trott)
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The Government stand by households, with one of Europe’s largest support packages, worth on average £3,700 per UK household, but we all know that the key to reducing cost of living pressures is to bring down inflation, which we have more than halved, delivering on the Prime Minister’s promise.

Laura Trott Portrait Laura Trott
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Fourteen years of the Conservatives has halved unemployment and increased employment by 4 million. Crucially, poverty is down: we have 1.7 million fewer people in poverty now than in 2010, including 400,000 children and 200,000 pensioners. That is a legacy to be proud of.

Patricia Gibson Portrait Patricia Gibson
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The Joseph Rowntree Foundation’s report on poverty in the UK in 2024 reiterates that, consistently, the demographic with the highest poverty rates is children. Although 29% of the children in my constituency live in poverty, the Scottish Government are doing what they can with their limited powers via the Scottish child payment. Will the Chancellor and his team use their powers to make a concerted and determined effort to tackle the scourge of poverty, which is so damaging to our children?

Laura Trott Portrait Laura Trott
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I reiterate: we have 400,000 fewer children in poverty now than in 2010. In addition, the national insurance contributions cut that we have introduced has been shown to cut child poverty dramatically. Crucially, the leading indicator of whether a child is in poverty is whether their parents are in work, and that is what we have delivered over this Parliament—[Interruption.] Yes it is—it absolutely is. Getting more people into work will help to solve child poverty.