Catherine West
Main Page: Catherine West (Labour - Hornsey and Wood Green)Department Debates - View all Catherine West's debates with the HM Treasury
(2 years, 6 months ago)
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Mr Clarke
The hon. Gentleman will be aware that the £500 million household support fund is being put in place precisely to ensure that we protect families through the winter that lies ahead. That comes on top of all the measures that we have put in place to ensure that we adjust for the cost of living. This Government tax people very fairly. The richest 1% and 5% are paying more tax than they did under the last Labour Government. That includes the banks, which pay their fair share as part of a wider economic settlement.
Catherine West (Hornsey and Wood Green) (Lab)
VAT receipts have been climbing, which is a good thing. Will the Treasury look at helping those with very high fuel bills—for example, those with many children, those who have to keep their heating on during the day, those who are ill and pensioners—over the coming winter? Will the Minister consider that as part of tomorrow’s package—which, of course, will be announced tomorrow?
Mr Clarke
The household support fund is specifically targeted in order to help with the cost of living. Indeed, much of it is ringfenced for families with children, reflecting the sense of what the hon. Lady is saying. The energy price cap works with that, as does the warm home discount. The warm home discount is becoming more generous next year, as the number of people who benefit from it rises from 2.2 million to 3 million, and its value rises from £140 to £150. Those are the kinds of measures that we will continue to look at. The Chancellor will speak about VAT as part of the wider Budget settlement tomorrow.