Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps he is taking to increase the relative value of the Sterling to ease cost of living pressures.

The government does not have a preferred level for sterling, or other financial market variables, and has not intervened for the purposes of influencing the sterling exchange rate since 1992.

Over the 2022-23 and 2023-24 financial years, the Government has provided £96bn of cost of living support to households – that’s an average of £3400 per household. The Government remains committed to improving living standards and building a more prosperous future.