Economic Update Debate

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Department: HM Treasury

Economic Update

Nigel Evans Excerpts
Thursday 3rd February 2022

(2 years, 2 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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This Government and previous Conservative Governments have a proud track record of supporting those who are retired and are pensioners. Because of the triple lock, which has been in place because of a Conservative Government, pensions are now at their highest level relative to earnings in 30-odd years, and we are protecting pensioners with a double lock this forthcoming year. Of course, the winter fuel payment, with up to £300 of support for those over the state pension age, will address exactly the hon. Member’s concerns.

Nigel Evans Portrait Mr Deputy Speaker (Mr Nigel Evans)
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I call Matt Vickers—[Interruption.] Sorry, Martin Vickers.

Martin Vickers Portrait Martin Vickers (Cleethorpes) (Con)
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Thank you, Mr Deputy Speaker. It must have been the mask.

As the Chancellor did at the time of the pandemic, he has put together a very comprehensive protective shield around people in my constituency, and that is very welcome. Many well-paid jobs are being created, particularly in the energy sector, thanks to Government policies, but there are many, particularly in food processing or the security sector, who are on very modest incomes and fixed incomes. Can my right hon. Friend give them an assurance that he will keep this policy under review so that if the energy price rise continues, as is likely, they can be reassured that support will be available?

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Rishi Sunak Portrait Rishi Sunak
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My hon. Friend is absolutely right. He has championed his constituents who are working hard and doing the right thing, and today’s announcement will give them reassurance that this Government and their Member of Parliament are on their side.

Nigel Evans Portrait Mr Deputy Speaker (Mr Nigel Evans)
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Finally, my former constituent, Mr Holden.

Richard Holden Portrait Mr Richard Holden (North West Durham) (Con)
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Thank you very much, Mr Deputy Speaker; it is always a pleasure to see you in the Chair. Could my right hon. Friend confirm that all UK households will benefit from the £200 smoothing rebate, and that almost 95% of County Durham residents will benefit from the £150 council tax rebate, including those who are off-grid—a similar proportion to the constituency of the right hon. Member for Doncaster North (Edward Miliband), who I see has now scuttled away? That £150 is over 50% more than Labour’s VAT plan, which would have benefited the richest people most. Will the Chancellor continue to pursue a one-nation Conservative approach, not an inner London two-kitchen one?

Rishi Sunak Portrait Rishi Sunak
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There were so many excellent points in my hon. Friend’s question. The only thing on which I will correct him is that the energy rebate is Great Britain-wide, because the Northern Ireland energy market is devolved and we do not have the legal powers or the regulator to do it there. Everything else he said is spot on, and I can confirm that this Government will continue to be on the side of his hard-working constituents, whom he does a great job of championing. Today’s announcement will give them the reassurance they need that, at a time of rising prices, this Conservative Government are stepping in to help, as we have and always will.

Nigel Evans Portrait Mr Deputy Speaker (Mr Nigel Evans)
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I thank the Chancellor for his statement and for answering questions for well over an hour.