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, 22 hours ago)
Commons ChamberThe action I took in the Budget last week was on top of help that the Government have given this year to help across the board with energy costs. It included some of the measures that my hon. Friend’s Committee has urged us to look at. Going into this Budget, I was conscious of the pressures and the worry that people have about rising energy bills, which are driven by the Iran war. My priority was therefore the steps we have taken: extending the 5p cut to fuel duty, extending the VAT cut on electricity bills, and removing the standing charge from gas bills for next year. Above all, we will see the direct payment of £100 into the bank accounts of 20 million households in January, which will help at that point of maximum pressure as people face those winter bills.
The Treasury Committee has done an enormous amount of work not only on the household bills situation, but also on the impact on graduates who still have significant debts. Can the Chancellor promise that when things do improve, he will look again at this burning issue for so many of our constituents?
I will indeed. We will keep an eye on that, and no doubt we will return to it. However, I say to my hon. Friend, as I said to my hon. Friend the Member for Sefton Central (Bill Esterson), that the Budget provides for immediate action to help with the cost of living pressures and give people a bit of breathing space over the winter, but also for action to make deep reforms to our energy system that will bring prices down for business and for households in the long term. That means an end to the standing charges on gas bills, an end to Government policy costs simply loaded on to consumer bills through levies, and an end to buying and building new generation that does not bring cheaper as well as cleaner energy and cannot be connected to the grid. This is a Budget with immediate action to deal with the cost of living pressures, and action for the long-term changes that are necessary to bring British energy bills down in line with those in Europe.