Economy Update Debate

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Department: HM Treasury

Economy Update

Natalie Elphicke Excerpts
Thursday 26th May 2022

(1 year, 11 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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I am sure my right hon. Friend the Work and Pensions Secretary is the best person to talk about the implementation of benefits, but the right hon. Gentleman will know that next year, benefits will most likely be uprated by September’s consumer prices index, subject to review. That will mean a very significant increase in benefits next year, in excess of the rate of inflation, which will be very positive for those in receipt of them.

Natalie Elphicke Portrait Mrs Natalie Elphicke (Dover) (Con)
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Does my right hon. Friend agree that, in addition to the vital, significant and welcome help with the cost of living, it is also important to continue to invest and create jobs in the economy? Will he join me in welcoming the £80 million investment made by the Treasury and Her Majesty’s Revenue and Customs in the White Cliffs HMRC border facility, which will bring 400 jobs to Dover and Deal and help to secure customs and tax revenue, border control standards and the UK tax base?

Rishi Sunak Portrait Rishi Sunak
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I know that is something my hon. Friend rightly cares passionately about for her community. She is right that the best way of helping people with the cost of living—indeed, the best way to help them to provide a better life for their families—is through well-paid work. That is why we are so focused on helping people into work and providing jobs. It is worth bearing in mind that someone moving off universal credit and into work is £6,000 a year better off. That is why we are wholeheartedly focused on moving people into work, and my right hon. Friend the Work and Pensions Secretary deserves enormous credit for that.