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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The hon. Gentleman is right, and I have specifically highlighted the deficiencies of the protocol. I look forward to having those discussions with the Commission. Obviously these are not particularly traded goods, because they are installed, so there ought to be a strong argument that they are included, particularly as we are all now collectively grappling with an energy crisis. However, I do not want to pre-empt the Foreign Secretary’s conversations on the protocol. It is not right to say that the flagship policies do not apply to Northern Ireland. The increase in the personal tax thresholds, the income tax cut and the fuel duty cut will apply to Northern Ireland, and I know that they will benefit his constituents and millions of others across Northern Ireland.

Peter Aldous Portrait Peter Aldous (Waveney) (Con)
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I welcome the announcements that my right hon. Friend has made about national insurance thresholds, fuel duty and the increase in the household support fund. The past two years have been very challenging for the poorest and most vulnerable, and it is going to get a whole lot tougher. As we saw with his swift and right decision to raise universal credit at the start of the pandemic—this was too hastily reduced—the best way of targeting support for those who need it is through the benefits system. May I urge him to look closely in the coming days and weeks at the levels of UC and other benefits, and the means of uprating them?

Rishi Sunak Portrait Rishi Sunak
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I thank my hon. Friend for that. I strongly believe that the best way to help people sustainably is to move them off welfare and into work. That is what this Government are doing. Our record on doing so is incredibly strong, and we are throwing the kitchen sink, in terms of both money and policies, which the International Monetary Fund has described as “well targeted”, at supporting people as they make that transition and putting more money in their pockets.