Women: Cost of Living

Baroness Bennett of Manor Castle Excerpts
Thursday 10th March 2022

(2 years, 2 months ago)

Lords Chamber
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Baroness Stedman-Scott Portrait Baroness Stedman-Scott (Con)
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Again, we have another question that is very Treasury driven. I have no doubt—indeed, I know it for a fact—that the Chancellor is well aware of the points that the noble Lord, Lord Sikka, has been making on this subject.

Baroness Bennett of Manor Castle Portrait Baroness Bennett of Manor Castle (GP)
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My Lords, the 15 years from 2007 to 2022 are forecast to be the worst on record for household incomes. Is the term “cost of living crisis” really adequate for the situation we are in now? What we are really seeing is a long-term collapse in the financial stability of British lives; this is not just a crisis of the moment. Do we not need to take a different approach to offer people true security, particularly, as the noble Baroness, Lady Lister, said, single parents—overwhelmingly women—who are bearing the greatest weight? Do we not need a universal basic income?

Baroness Stedman-Scott Portrait Baroness Stedman-Scott (Con)
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We have spoken many times about universal basic income, and I have heard nothing on the airwaves to suggest that it is being considered. I will finish this Question by saying that it is a difficult time, and that we understand the great challenges people face. Please do not think this Government do not care—because they do.