Cost of Living

(asked on 18th March 2024) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the impact of his measures introduced in the Spring Budget 2024 on the cost of living.


Answered by
Bim Afolami Portrait
Bim Afolami
Economic Secretary (HM Treasury)
This question was answered on 25th March 2024

The government has demonstrated its commitment to supporting the most vulnerable at Spring Budget 2024 – including the extension of the Household Support Fund, freezing fuel duty, and helping households in debt.

The measures introduced by this government to support households have contributed to real incomes being stronger than expected this year. Real wages are now higher than pre-pandemic level.

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