Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent assessment he has made of the effect of his Department’s policies on living standards in (a) Coventry North East constituency and (b) Coventry.

The Government is committed to promoting living standards and fostering inclusive growth across the country. Taken together, support to households to help with higher bills this year and last is worth £94 billion, or £3,300 per household on average – one of the largest household support packages in Europe.

Distributional analysis published at Spring Budget 2023 shows that the typical UK household at any income level will see a net benefit in 2023-24 following government decisions made from Autumn Statement 2022 onwards. Low-income households will receive the largest benefit in cash terms and as a percentage of income from government decisions.