All 1 Debates between John Glen and Dan Carden

Oral Answers to Questions

Debate between John Glen and Dan Carden
Tuesday 28th June 2022

(1 year, 9 months ago)

Commons Chamber
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Dan Carden Portrait Dan Carden (Liverpool, Walton) (Lab)
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7. What recent fiscal steps he has taken to help reduce economic inequality.

John Glen Portrait The Economic Secretary to the Treasury (John Glen)
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The Government understand that millions of households across the UK are struggling to make their income stretch to cover the rising cost of living. As part of the £15 billion support package being provided by the Government, almost all the 8 million most vulnerable households across the UK will receive support of at least £1,200 this year, including a new, one-off £650 cost of living payment.

Dan Carden Portrait Dan Carden
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The Economic Secretary will know that Her Majesty’s Revenue and Customs payroll data shows that the pay of the top 1% rose three-and-a-half times faster than the pay of those in the bottom 10%, whose meagre pay increases have already been wiped out by inflation and price rises. When we look at wealth, during one year of the pandemic each UK billionaire saw their wealth grow by £630 million on average. While the rich get richer, the working-class communities I represent get poorer. When will the Treasury look at raising taxes on the highest incomes and taxing the wealth of billionaires in order to invest in communities and UK infrastructure?