(11 years, 9 months ago)
Commons Chamber10. What recent assessment he has made of the cost of living in Wales.
The Government understand the financial pressures facing many households at this time. That is why we have introduced real practical measures to bring down the cost of living in Wales by freezing fuel duty and raising the personal allowance, taking some of the lowest paid out of income tax altogether. We are putting money back into the pockets of hard-working people in Wales.
Just as in Harlow, the Conservative-led coalition Government have had a relentless focus on helping people with the cost of living, by freezing fuel duty, freezing council tax and cutting tax for lower earners. Will my hon. Friend lobby the Treasury to go ever further and raise the threshold at which lower earners pay national insurance contributions?
I pay tribute to my hon. Friend for the work he does campaigning for those on the lowest incomes. Decisions on national insurance contributions are a matter for my right hon. Friend the Chancellor of the Exchequer, but I share my hon. Friend’s objective. We are determined to return more money to the pockets of hard-working people by taking them out of income tax.
(12 years, 2 months ago)
Commons ChamberAs I said, the increases in bills are unwelcome at this time and we all know from our communities the pressures that puts on vulnerable households, but I would say to the hon. Gentleman that, on the slogan of a price freeze for energy, the Leader of the Opposition knows full well that that is not deliverable. We know from Labour’s track record in government that it was intensely relaxed about gas prices doubling, electricity prices going up by more than 50% and increasing fuel tax 12 times. It was too relaxed and complacent.
Does my hon. Friend agree that one of the biggest impacts on the cost of energy is the high cost of petrol and diesel, and that the fuel duty freeze will mean that petrol and fuel duty will be 13p cheaper in tax terms and will help the cost of living enormously in Wales and across the country?
My hon. Friend is exactly right. It is of particular benefit in rural Welsh areas, where average incomes are lower. By the end of this Parliament, average fuel prices will not be 13p per litre lower; they will be more than 20p per litre lower than under the previous Government’s plan.