Cost of Living

(asked on 27th August 2024) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what fiscal steps her Department is taking to support households with the cost of living.


Answered by
James Murray Portrait
James Murray
Exchequer Secretary (HM Treasury)
This question was answered on 3rd September 2024

The government is working to improve living standards for everyone across the country, which is why growth is a key priority. This is why we have got to work straightaway implementing planning reform and establishing the National Wealth Fund and Great British Energy.

The approach of this government will centre on fostering good work. This government will reform employment support to offer more people the dignity and purpose of meaningful employment.

We have begun supporting households with the cost of living by launching a Ministerial Taskforce on child poverty and updating the Low Pay Commission's remit to reflect the cost of living when making recommendations on the National Living Wage.

Any further steps will be set out in due course.

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