Stuart C McDonald
Main Page: Stuart C McDonald (Scottish National Party - Cumbernauld, Kilsyth and Kirkintilloch East)Department Debates - View all Stuart C McDonald's debates with the HM Treasury
(7 years, 3 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Stuart C. McDonald (Cumbernauld, Kilsyth and Kirkintilloch East) (SNP)
The International Monetary Fund yesterday highlighted widening inequality and stagnation as key drivers of social dislocation, while the Institute for Fiscal Studies has recently warned of the biggest pay squeeze in the UK for 70 years. What is the Chancellor’s strategy to ensure that growth in our economy benefits everybody?
Mr Philip Hammond
Income inequality has been falling, but of course we face challenges as the depreciation of sterling works its way into inflation in the economy. That is an issue on which we will remain very much focused, and I will address it in more detail in the Budget.