Economic Update Debate

Full Debate: Read Full Debate
Department: HM Treasury
Thursday 3rd February 2022

(2 years, 1 month ago)

Commons Chamber
Read Full debate Read Hansard Text Read Debate Ministerial Extracts
Rishi Sunak Portrait Rishi Sunak
- Parliament Live - Hansard - - - Excerpts

My right hon. Friend is absolutely right. Those of us in government make responsible decisions and we are honest with people. I think people respect that honesty and it is the right thing for us to do. He is right that there is a global surge in gas prices and it would be wrong to pretend that we do not have to adjust to that, but what we can do is take the sting out of that adjustment, spread its impact over time and limit its immediate impact. That is the right and responsible approach and I am grateful for his support on that plan.

Naz Shah Portrait Naz Shah (Bradford West) (Lab)
- Parliament Live - Hansard - -

The Chancellor comes here and says he is proud of his record. Let me tell him what my constituents think of his record. The Conservative party cut £20 a week from universal credit and was dragged here kicking and screaming for U-turn after U-turn just to feed poor and hungry children. This £350 does not cut it when the Chancellor has wasted billions. More than £6 billion went on wasted personal protective equipment and more than £4.7 billion has been lost to fraud in respect of covid funds. The Chancellor brings £9 billion here when he has lost £12 billion. It does not quite cut it for my constituents, who do not trust this Government because they are not helping my constituents. Those at the bottom end are the ones being hit the most. This does not even come near the £700, let alone the cost of living.

Rishi Sunak Portrait Rishi Sunak
- Parliament Live - Hansard - - - Excerpts

The hon. Lady talks about universal credit; this Government provided the extra support for people when they needed it during the crisis. All the data and evidence show that throughout the worst of the depths of this pandemic the Government’s actions helped those on the lowest incomes the most. That is a record of which I am enormously proud.