1-8 of 8 results for subject:Inflation
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To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect of predicted changes in the rate of inflation on consumer spending power over the next 12 months; and if he will make a statement.
To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect of predicted changes in the rate of inflation on consumer spending power over the next 12 months; and if he will make a statement.
The Office for Budget Responsibility (OBR) is responsible for producing independent economic and fiscal forecasts. The OBR forecast “lower consumption growth, as higher inflation (largely caused by the sterling depreciation) weighs on household real incomes” in 2017.
The Government is taking action to support households, including raising the National Living Wage, increasing the personal allowance, freezing fuel duty, and banning letting agents’ fees to tenants.
What comparative assessment he has made of trends in the annual rates of inflation and growth in average earnings since May 2010.
What comparative assessment he has made of trends in the annual rates of inflation and growth in average earnings since May 2010.
The fall in living standards is a consequence of the economic crisis. In its latest forecast, the Office for Budget Responsibility expects real earnings to rise in 2014 and growth to strengthen in every year of the forecast. The only way to raise living standards is to stick to our long-term economic plan and to deliver a recovery that works for all.
Despite this Government’s policies making the economic situation worse, the hard work of the skilled labour force and small businesses has started to lift the economy. Is the Minister aware that in the west midlands GDP per capita is 18% below the UK average and wages are well below the national average? Real wages fell by 5% from 2010 to 2013; wages are not
rising and people in the west midlands are struggling to make ends meet. What are the Government doing about that? They should stop blaming the previous Government because it is their policies that caused this in the first place.
Despite this Government’s policies making the economic situation worse, the hard work of the skilled labour force and small businesses has started to lift the economy. Is the Minister aware that in the west midlands GDP per capita is 18% below the UK average and wages are well below the national average? Real wages fell by 5% from 2010 to 2013; wages are not
rising and people in the west midlands are struggling to make ends meet. What are the Government doing about that? They should stop blaming the previous Government because it is their policies that caused this in the first place.
The reality is that the west midlands, as with other parts of the country, is growing strongly. Today’s figures show that manufacturing has grown by 3.3% over the past year, and that is particularly important for the west midlands. The reality is that we are moving into a period of growth, and that is encouraging. Further work needs to be done, but the truth is that this Government have succeeded in turning around the mess that we inherited.
Sitting adjourned without question put.
Sitting adjourned without question put.
To ask the Chancellor of the Exchequer what recent assessment he has made of the effects of inflation on people with low and fixed incomes in the comprehensive spending review period.
To ask the Chancellor of the Exchequer what recent assessment he has made of the effects of inflation on people with low and fixed incomes in the comprehensive spending review period.
To ask the Chancellor of the Exchequer what steps the Government has taken to address the problems associated with rising inflation.
To ask the Chancellor of the Exchequer what steps the Government has taken to address the problems associated with rising inflation.
To ask the Secretary of State for Social Security, what plans he has to propose a statutory obligation to uprate means-tested benefits in line with inflation.
To ask the Secretary of State for Social Security, what plans he has to propose a statutory obligation to uprate means-tested benefits in line with inflation.
What effect he expects the GATT agreement to have on the rate of inflation.
What effect he expects the GATT agreement to have on the rate of inflation.