This week, I spoke in a debate in the House of Commons on inflationary pressures. I was pleased to have this opportunity to highlight the strong measures that this Government is taking to help people throughout the UK - especially the most vulnerable.
The difficulties that my constituents in Runnymede and Weybridge, and people across the country, face are very real. There is no doubt that this is a challenging time for the economy and residents, dealing with the financial shocks caused by the covid pandemic, the war in Ukraine and the consequent pressure on prices for essentials such as energy and food.
These common factors mean that many of our closest neighbours in Europe, including Sweden and Germany, are facing inflationary pressures similar to those we are experiencing in the UK.
The Government did not cause any of these challenges, but it has taken strong action to address them and alleviate the most severe consequences for individuals and families. This includes historic increases in benefits and the state pension, direct support with energy bills for every household, and direct cash payments of at least £900 to the 8 million most vulnerable households.
At the same time, the Government has ensured that we balance these demands on spending with the future prosperity of the economy.
This includes measures to incentivise people to remain in, and return to, work. We have reduced the universal credit taper rate so that hardworking families can keep more of their money, as well as increasing the minimum wage. Our investment in more affordable childcare will mean that parents who want to can get back into work and further their careers without cost being such a barrier.
I support the Government’s achievements to date, and you can view my speech on this issue above.
I will continue to back an approach to inflationary pressures which provides help where it is needed and keeps the UK on track with the Government’s plan to halve inflation, grow the economy and reduce debt.
