Financial Statement Debate

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Department: HM Treasury
Wednesday 23rd March 2022

(2 years, 1 month ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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In the autumn spending review we announced record funding settlements, not just for health, but across the board. That resulted in Barnett consequentials of, if I recall it correctly, about £4.5 billion annually for the Scottish Government. Obviously, they can use that to support their local communities in the way that they feel is best. Again, there have been further Barnetts today as a result of the household support fund.

Paul Bristow Portrait Paul Bristow (Peterborough) (Con)
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With a 5p cut in fuel duty, the lifting of the national insurance threshold and a plan to cut income tax, will my right hon. Friend reiterate that this Government are a tax-cutting Government? On the Government side of the House, we trust people on how best to spend their own money.

Rishi Sunak Portrait Rishi Sunak
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My hon. Friend makes an excellent point and he is absolutely right: we want people to be able to keep more of their own money. The tax plan announced today represents the biggest net cut to personal taxes in a quarter of a century, proving that we very much are on the side of hard-working British people.