Asked by: Tom Randall (Conservative - Gedling)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether he has made an assessment of the potential long-term financial implications of implementing the full compensation scheme for infected blood victims.
Answered by Laura Trott - Chief Secretary to the Treasury
This was an appalling tragedy and my thoughts remain with all those affected. We understand the strength of feeling on this and the need for action and that is why the Government has accepted the moral case for compensation and acknowledged that justice needs to be delivered for the victims.
The Government is working as quickly as possible to consider all the Infected Blood Inquiry’s recommendations with the thoroughness merited by this terrible injustice, to ensure that we are best placed to respond to the Inquiry’s final report once it is published in May.
Asked by: Tom Randall (Conservative - Gedling)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what progress he has made on reducing inflation.
Answered by Andrew Griffith - Minister of State (Department for Science, Innovation and Technology)
High inflation is the greatest immediate economic challenge that we must address. That is why the Government has made it a priority to halve inflation this year, on the path back to the 2% target. Our commitment to this target is iron-clad and applies at all times. The Bank of England has the Government’s full support as they take action to return inflation to target.
Inflation has already fallen by more than a third from the peak in October. We are on track to halve inflation this year: the majority of major forecasters agree in forecasting inflation to halve by the end of the year and subsequently return to target. However, this is not inevitable, and we must remain vigilant.