Oral Answers to Questions

Sheila Gilmore Excerpts

Tuesday 24th January 2012 Commons Chamber

[Mr Hoban]

The levels of interest that businesses in this country pay are determined by the credibility of our fiscal policy. If interest rates rose as a consequence of diverting from the fiscal plan the Government have set out, we would see higher interest rates and that would have a huge impact on families and businesses across the country.

[Sheila Gilmore (Edinburgh East) (Lab)]

6. What estimate he has made of the likely effect on the level of child poverty of the fiscal measures in his autumn statement.

[Kate Green (Stretford and Urmston) (Lab)]

8. What estimate he has made of the likely effect on the level of child poverty of the fiscal measures in his autumn statement.

[The Economic Secretary to the Treasury (Miss Chloe Smith)]

When measured against previously announced policies, there will be an estimated increase of 100,00 in children living in households with less than 60% of median income in 2012-13.

[Sheila Gilmore]

We are constantly told by the Government that the way out of poverty is work and that work must pay. Is the Minister prepared to reconsider the decision not to uprate working tax credits this year in terms of inflation while at the same time uprating out-of-work benefits by inflation?

[Miss Smith]

The reason for that decision was to prioritise the resources we have available on those perhaps least able to deal with the difficulties of the cost of living.