Financial Statement

Ruth Edwards Excerpts

Wednesday 23rd March 2022 Commons Chamber

[Rishi Sunak]

The hon. Lady is describing the impact of inflation on people’s incomes. Of course that will have an impact; we have been very clear and honest about that. That is not just happening here; it is happening everywhere across the world as we grapple with higher inflation, but the measures we are taking today will make a significant difference to support working families in weathering some of the challenges ahead. Again, for those who are most vulnerable, we started this journey in autumn with a tax cut to universal credit, and we are doubling the household support fund today to £1 billion.

[Ruth Edwards (Rushcliffe) (Con)]

I welcome the Chancellor’s statement today. It will do a lot to help many of my constituents in Rushcliffe. Can he reassure me and my constituents that the tax-cutting measures announced today will continue to be the focus of this Conservative Government and that they are just the start of what is possible if we continue to build a stronger, greener economy?

[Rishi Sunak]

My hon. Friend is absolutely right. We started in October, and we have made progress today. The tax plan published today shows that we will continue to make progress, cutting taxes for businesses and people over the remainder of this Parliament.