Catherine West
Main Page: Catherine West (Labour - Hornsey and Friern Barnet)Department Debates - View all Catherine West's debates with the HM Treasury
(1 day, 10 hours ago)
Commons ChamberThank you very much, Mr Speaker. I apologise unreservedly for the implication about the hon. Gentleman: I know that he is a very decent and honourable man, and I withdraw that comment. He may have unintentionally misled the House by failing to declare his part in the Liz Truss Government and the impact that that had on public spending. As he will know, we have stuck to the fiscal rules that this Chancellor introduced at the beginning of this Government in every fiscal event that we have had. Those fiscal rules are ironclad. We have sustainable plans for public spending, and we are ensuring that we are managing the economy in a way that the hon. Gentleman’s party could only dream of.
The Economic Secretary to the Treasury (Lucy Rigby)
We became inured to the presence of food banks under Tory Governments over the last 14 years, but we should always remember that despite the incredible work done by those who run them, food banks should not need to exist, and this Government are committed to ending mass dependence on food parcels. That is why we have extended free school meals to children in families receiving universal credit and removed the two-child limit, which will lift 450,000 children out of poverty, and—according to the Trussell Trust, as the Chancellor said earlier—will significantly reduce the number of families using food banks.
Does the Minister agree that everyone—including financial institutions such as the mutual sector, which often outperforms the private banking sector in access to finance and branch closure issues—needs to play their part in helping families and households at this critical juncture?
Lucy Rigby
As my hon. Friend knows, we are a strong supporter of the mutual sector, for exactly the reasons that she has given. As part of our financial inclusion strategy, we are backing the sector with initiatives such as the new £30 million credit union transformation fund and reform of the common bond, which I look forward to introducing shortly.