Statement on the economy.

Statement on the economy.

The UK’s economic recovery has been quicker and stronger than forecast. In the depths of the pandemic, our economy was expected to return to its pre-crisis level at the end of 2022; instead, it got there in November 2021, a full year earlier. Unemployment was expected to peak at nearly...

The UK’s economic recovery has been quicker and stronger than forecast. In the depths of the pandemic, our economy was expected to return to its pre-crisis level at the end of 2022; instead, it got there in November 2021, a full year earlier. Unemployment was expected to peak at nearly...

The Opposition may have some soundbites but they certainly do not have a policy. [Interruption.] In contrast, this Government have announced measures—[Interruption.]

The Opposition may have some soundbites but they certainly do not have a policy. [Interruption.] In contrast, this Government have announced measures—[Interruption.]

In contrast, this Government have announced measures to share the burden with consumers and help manage the global price rise. Despite the faux outrage from the Opposition Benches, I am sure that even they would admit privately that the support just announced is both generous and comprehensive.

Let me take some...

In contrast, this Government have announced measures to share the burden with consumers and help manage the global price rise. Despite the faux outrage from the Opposition Benches, I am sure that even they would admit privately that the support just announced is both generous and comprehensive.

Let me take some...

I thank my hon. Friend for his question. On VAT, I have nothing further to add. He is right; what we are doing is more targeted, faster and more generous to those who need our help. With regard to sanctions on Russia, I can assure him that absolutely nothing is...

I thank my hon. Friend for his question. On VAT, I have nothing further to add. He is right; what we are doing is more targeted, faster and more generous to those who need our help. With regard to sanctions on Russia, I can assure him that absolutely nothing is...

I am happy to confirm to the hon. Gentleman that the Barnett consequentials for Scotland will be around £290 million, which I hope he will welcome. My right hon. Friend the Chief Secretary to the Treasury will be speaking to Kate Forbes later today to go over the details, and...

I am happy to confirm to the hon. Gentleman that the Barnett consequentials for Scotland will be around £290 million, which I hope he will welcome. My right hon. Friend the Chief Secretary to the Treasury will be speaking to Kate Forbes later today to go over the details, and...

My hon. Friend is absolutely right; I know that is something she is perhaps bringing up on behalf of her constituents. A price increase of this magnitude impacts almost everybody, and it is right that our response therefore helps almost everybody. That is what we are doing: ensuring that those...

My hon. Friend is absolutely right; I know that is something she is perhaps bringing up on behalf of her constituents. A price increase of this magnitude impacts almost everybody, and it is right that our response therefore helps almost everybody. That is what we are doing: ensuring that those...

Just to confirm for the hon. Lady, it is council tax bands A to D, so it is four out of every five households across England. Obviously, that will vary by region. I can confirm that it will be fully Exchequer-funded and, on top of that, there will be a...

Just to confirm for the hon. Lady, it is council tax bands A to D, so it is four out of every five households across England. Obviously, that will vary by region. I can confirm that it will be fully Exchequer-funded and, on top of that, there will be a...

With the greatest respect to my hon. Friend, I also believe that it is a Conservative approach to be responsible with this nation’s public finances. I believe that, after recovering from the worst economic shock in 300 years, where borrowing spiralled to levels that we have not seen since world...

With the greatest respect to my hon. Friend, I also believe that it is a Conservative approach to be responsible with this nation’s public finances. I believe that, after recovering from the worst economic shock in 300 years, where borrowing spiralled to levels that we have not seen since world...

It is worth pointing out that the energy companies that the right hon. Gentleman talks about are already subject to a far higher rate of corporation tax. In fact, at 40% versus 19%, it is double the rate of corporation tax that other companies pay. I will not repeat my...

It is worth pointing out that the energy companies that the right hon. Gentleman talks about are already subject to a far higher rate of corporation tax. In fact, at 40% versus 19%, it is double the rate of corporation tax that other companies pay. I will not repeat my...

My right hon. Friend is absolutely right and I can give her that reassurance. I hope that today’s announcements will provide her with the confidence she needs that both I and this Government are committed to being on the side of those hard-working families, whom she does an enormous amount...

My right hon. Friend is absolutely right and I can give her that reassurance. I hope that today’s announcements will provide her with the confidence she needs that both I and this Government are committed to being on the side of those hard-working families, whom she does an enormous amount...

What I can tell them is that they will not have to wait until October, as the Labour party’s proposals would have had them do. They will receive £150 in April, and then in October they will receive the rebate on their bills at a time when the energy price...

What I can tell them is that they will not have to wait until October, as the Labour party’s proposals would have had them do. They will receive £150 in April, and then in October they will receive the rebate on their bills at a time when the energy price...

I can give my right hon. Friend that assurance. It is absolutely right and proper that the Bank is independent of Government on matters of monetary

policy. That is exactly what has always been the case over the past two years and it will continue to be the case. I...

I can give my right hon. Friend that assurance. It is absolutely right and proper that the Bank is independent of Government on matters of monetary

policy. That is exactly what has always been the case over the past two years and it will continue to be the case. I...

What millions of people across this country will see today is a Government who are on their side and a Government taking action to help them with the anxiety they feel about rising energy bills. We are doing it in a proportionate, fair, targeted and responsible way to protect people...

What millions of people across this country will see today is a Government who are on their side and a Government taking action to help them with the anxiety they feel about rising energy bills. We are doing it in a proportionate, fair, targeted and responsible way to protect people...

As ever, my right hon. and learned Friend makes an excellent point; he is absolutely right and I agree wholeheartedly with him. He will know that my right hon. Friend the Secretary of State for Business, Energy and Industrial Strategy is working very hard to undo some of the mistakes...

As ever, my right hon. and learned Friend makes an excellent point; he is absolutely right and I agree wholeheartedly with him. He will know that my right hon. Friend the Secretary of State for Business, Energy and Industrial Strategy is working very hard to undo some of the mistakes...

The Labour party has proposals that would give considerably less to many people, so it is a bit rich to hear that. The hon. Member had a long list of numbers. I also have one: 400,000 more people on the payroll than there were before the crisis; 2 million jobs...

The Labour party has proposals that would give considerably less to many people, so it is a bit rich to hear that. The hon. Member had a long list of numbers. I also have one: 400,000 more people on the payroll than there were before the crisis; 2 million jobs...

My right hon. Friend is absolutely right. Those of us in government make responsible decisions and we are honest with people. I think people respect that honesty and it is the right thing for us to do. He is right that there is a global surge in gas prices and...

My right hon. Friend is absolutely right. Those of us in government make responsible decisions and we are honest with people. I think people respect that honesty and it is the right thing for us to do. He is right that there is a global surge in gas prices and...

The hon. Lady talks about universal credit; this Government provided the extra support for people when they needed it during the crisis. All the data and evidence show that throughout the worst of the depths of this pandemic the Government’s actions helped those on the lowest incomes the most. That...

The hon. Lady talks about universal credit; this Government provided the extra support for people when they needed it during the crisis. All the data and evidence show that throughout the worst of the depths of this pandemic the Government’s actions helped those on the lowest incomes the most. That...

I am grateful for my right hon. Friend’s support. He rightly champions those people who are just about managing and who work incredibly hard to build a better life for themselves and their families. They

should know that this Government are on their side. I thank him very much for...

I am grateful for my right hon. Friend’s support. He rightly champions those people who are just about managing and who work incredibly hard to build a better life for themselves and their families. They

should know that this Government are on their side. I thank him very much for...

We have not heard from the hon. Lady’s party any plan to provide the funding that the NHS needs. We all know that the NHS is grappling with the recovery from covid. There is an unprecedented scale of backlogs to work through and the social care system needs urgent reform....

We have not heard from the hon. Lady’s party any plan to provide the funding that the NHS needs. We all know that the NHS is grappling with the recovery from covid. There is an unprecedented scale of backlogs to work through and the social care system needs urgent reform....