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The US and UK Governments do more together than any other two Governments in the world. We have a trading relationship worth £280 billion, and last week the Prime Minister was in Washington when he and President Biden signed the Atlantic declaration, a first-of-its-kind economic partnership.
The US and UK Governments do more together than any other two Governments in the world. We have a trading relationship worth £280 billion, and last week the Prime Minister was in Washington when he and President Biden signed the Atlantic declaration, a first-of-its-kind economic partnership.
What assessment he has made of the impact of the US Inflation Reduction Act on the UK's relationship with the US.
Well, that is an interesting question, to which I say that we have a very clear economic strategy, and the Atlantic declaration is a very important element in strengthening our partnership with the US. The beginning of the negotiations on critical minerals will make sure UK companies are eligible for tax credits under the US Inflation Reduction Act; this is a hugely important and positive step forward.
Well, that is an interesting question, to which I say that we have a very clear economic strategy, and the Atlantic declaration is a very important element in strengthening our partnership with the US. The beginning of the negotiations on critical minerals will make sure UK companies are eligible for tax credits under the US Inflation Reduction Act; this is a hugely important and positive step forward.
The Inflation Reduction Act is attracting investment from the UK to the US, as industry groups across our economy are saying. Does the Minister agree that the refusal to publish an industrial strategy shows there will be no made in Britain plan in response to President Biden’s made in America agenda while this Conservative Government remain in office?
We are working incredibly closely with the United States. They are taking their steps forward; we do not want to get involved with the subsidy race, because the UK had a head start of over a decade on green investment. As the right hon. Gentleman knows, as we have been at similar meetings, we are working incredibly closely with the United States and it is a very strong relationship. In my recent visit to the US we highlighted that there is $1 trillion invested in each of our economies; we are going to move forward from that very strong space.
We are working incredibly closely with the United States. They are taking their steps forward; we do not want to get involved with the subsidy race, because the UK had a head start of over a decade on green investment. As the right hon. Gentleman knows, as we have been at similar meetings, we are working incredibly closely with the United States and it is a very strong relationship. In my recent visit to the US we highlighted that there is $1 trillion invested in each of our economies; we are going to move forward from that very strong space.
Our allies in the United States, the European Union, Australia and Germany have all entered the global race to reach net zero and create the jobs of the future with massive public investment, but the Government’s Secretary of State for Energy Security and Net Zero described the United States Inflation Reduction Act as “dangerous” and the Chancellor described it as “distortive” and “not the British way.” Does the Foreign Secretary agree with his colleagues in Cabinet or our allies in the United States? It will be interesting to see whether the Foreign Secretary answers.
What assessment he has made of the impact of the US Inflation Reduction Act on the UK's relationship with the US.
What assessment he has made of the impact of the US Inflation Reduction Act on the UK's relationship with the US.
The US and UK Governments do more together than any other two Governments in the world. We have a trading relationship worth £280 billion, and last week the Prime Minister was in Washington when he and President Biden signed the Atlantic declaration, a first-of-its-kind economic partnership.
I know that the hon. Member takes economic issues very seriously. Protecting pensioners will obviously be a key priority. Does she join me in welcoming the Prime Minister’s confirmation that the triple lock will be protected, and can she set out Labour’s policy on that vital area?
I know that the hon. Member takes economic issues very seriously. Protecting pensioners will obviously be a key priority. Does she join me in welcoming the Prime Minister’s confirmation that the triple lock will be protected, and can she set out Labour’s policy on that vital area?
To ask the Secretary of State for Work and Pensions, if she will provide an estimate of the impact of inflation on the real terms value of the second cost of living payment due in Autumn 2022.
To ask the Secretary of State for Work and Pensions, if she will provide an estimate of the impact of inflation on the real terms value of the second cost of living payment due in Autumn 2022.
The cost-of-living payment for means-tested benefits is worth up to £650 and is paid out in two instalments. The first instalment is to be paid from the 14th July 2022, worth £326.
The government will automatically pay the second instalment worth £324, in the autumn to eligible households. Inflation forecasts are only available on a quarterly basis.
Therefore it is not possible to estimate the impact of inflation on the real terms value of the second cost of living payment.
To ask the Secretary of State for Work and Pensions, if she will reinstate the £20 a week uplift to Universal Credit in the context of 9 per cent inflation and the rising cost of living.
To ask the Secretary of State for Work and Pensions, if she will reinstate the £20 a week uplift to Universal Credit in the context of 9 per cent inflation and the rising cost of living.
There are no plans to reinstate the temporary increase to Universal Credit.
The government understands the pressures people are facing with the cost of living and these are global challenges, but the government has taken action to support and help families with a package worth over £22 billion in 2022-23.These steps help ensure that on average a person in work is £6000 better off in work than on benefits. And we stand ready to do more as the situation evolves.
To ask the Secretary of State for Work and Pensions, if she will immediately uprate benefits in line with the current high rate of inflation; and if she will make a statement.
To ask the Secretary of State for Work and Pensions, if she will immediately uprate benefits in line with the current high rate of inflation; and if she will make a statement.
The Secretary of State for Work is required by law to undertake an annual review of benefits and pensions, and Consumer Price Index in the year to September is the latest figure that she can use to allow sufficient time for the required legislative and operational changes before new rates can be introduced at the start of the new financial year.
All benefit up-rating since April 1987 has been based on the increase in the relevant price inflation index in the 12 months to the previous September.
The Secretary of State’s decisions regarding benefits and pensions uprating for this financial year were announced to Parliament on 25 November 2021. And the increase of 3.1% from April 2022 was debated and approved by both Houses of Parliament earlier this year.
To ask the Secretary of State for Work and Pensions, what recent assessment her Department has made of the impact inflation will have on the benefit cap.
To ask the Secretary of State for Work and Pensions, what recent assessment her Department has made of the impact inflation will have on the benefit cap.
No assessment has been made of the impact of inflation on the level of the benefit cap.
Households receiving disability benefits and/or entitled to carer benefits are exempt to ensure the most vulnerable are supported.
The government is continuing to provide targeted cost of living support for households most in need. From April, the government is providing an additional £500 million to help vulnerable households with the cost of essentials, on top of what we have already provided since October 2021, bringing the total funding for this support to £1 billion.
To ask the Secretary of State for Work and Pensions, what recent assessment her Department has made on the projected spending power of universal credit as a result of rising inflation.
To ask the Secretary of State for Work and Pensions, what recent assessment her Department has made on the projected spending power of universal credit as a result of rising inflation.
No assessment has been made.
The Secretary of State undertakes an annual review of benefits and pensions. This is based on the Consumer Price Index (CPI) in the year to September (published by the Office for National Statistics in October) as the latest figure that the Secretary of State can use to allow sufficient time for the required legislative and operational changes to be made before new rates can be introduced at the start of the new financial year.
All benefit up-rating since April 1987 has been based on the increase in the relevant price inflation index in the 12 months to the previous September, as happens now.
For up-rating 2022/23 the Secretary of State announced the outcome of her annual review to Parliament on 25 November 2021 and from April 2022 benefits and pensions will increase by 3.1%.
The uprating was in line with inflation in the way that it has been calculated since 1987, but additional support is available, through the three-part plan that the Chancellor set out to tackle energy costs and through the household support fund.
The uprating was in line with inflation in the way that it has been calculated since 1987, but additional support is available, through the three-part plan that the Chancellor set out to tackle energy costs and through the household support fund.
As a result of my Food Insecurity Bill, the family resources survey now reports on food insecurity. The survey found that one of the key reasons, even pre-pandemic, that people could not afford to eat was that benefits were grossly inadequate. Does the Secretary of State think that the pitiful 3.1% increase in benefits, when inflation will peak at 8%, is going to make people more or less able to afford to eat?
To ask the Secretary of State for Work and Pensions, whether she plans to increase benefits rates in line with inflation from April 2022.
To ask the Secretary of State for Work and Pensions, whether she plans to increase benefits rates in line with inflation from April 2022.
The Secretary of State undertakes an annual review of benefits and pensions based on the Consumer Prices Index (CPI), which measures inflation in the year to September.
To ask the Secretary of State for Work and Pensions, what recent assessment her Department has made of the costs of uprating universal credit in line with the rate of inflation.
To ask the Secretary of State for Work and Pensions, what recent assessment her Department has made of the costs of uprating universal credit in line with the rate of inflation.
UC standard allowances will be up-rated in April-22 in line with the September-21 CPI figure of 3.1%. A full list of how each UC element will be uprated can be found at: https://researchbriefings.files.parliament.uk/documents/CBP-9439/CBP-9439.pdf.
In 2022/23 spend on UC will be around £1.1bn higher because of the uprating of the UC standard allowances and various UC elements.
To ask the Secretary of State for Work and Pensions, what assessment she has made on the impact of not uprating benefits in line with inflation on levels of child poverty in Newcastle upon Tyne Central.
To ask the Secretary of State for Work and Pensions, what assessment she has made on the impact of not uprating benefits in line with inflation on levels of child poverty in Newcastle upon Tyne Central.
I refer the Hon. Member to my response to Parliamentary Question 126529 answered 25th February 2022.
To ask the Secretary of State for Work and Pensions, what assessment her Department has made on the impact of not uprating benefits in line with inflation on the incomes of households in receipt of universal credit following reductions to that benefit in 2021.
To ask the Secretary of State for Work and Pensions, what assessment her Department has made on the impact of not uprating benefits in line with inflation on the incomes of households in receipt of universal credit following reductions to that benefit in 2021.
I refer the Hon. Member to my response to Parliamentary Question 127316 answered 25th February 2022.
To ask the Secretary of State for Work and Pensions, what assessment her Department has made on the cumulative impact on the living standards of households in receipt of universal credit of the decision not to up rate benefits in line with inflation in addition to the cut to universal...
To ask the Secretary of State for Work and Pensions, what assessment her Department has made on the cumulative impact on the living standards of households in receipt of universal credit of the decision not to up rate benefits in line with inflation in addition to the cut to universal...
I refer the Hon. Member to my response to Parliamentary Question 127316 answered 25th February 2022.
To ask the Secretary of State for Work and Pensions, what assessment she has made on the impact of not uprating benefits in line with inflation on levels of child poverty in Glasgow North East.
To ask the Secretary of State for Work and Pensions, what assessment she has made on the impact of not uprating benefits in line with inflation on levels of child poverty in Glasgow North East.
I refer the Hon. Member to my response to Parliamentary Question 126529 answered 25th February 2022.
To ask the Secretary of State for Work and Pensions, what assessment her Department has made of the impact of not uprating benefits in line with inflation on the incomes of households in receipt of universal credit taking into account the reduction in that benefit in 2021.
To ask the Secretary of State for Work and Pensions, what assessment her Department has made of the impact of not uprating benefits in line with inflation on the incomes of households in receipt of universal credit taking into account the reduction in that benefit in 2021.
I refer the Hon. Member to my response to Parliamentary Question 127316 answered 25th February 2022.
To ask the Secretary of State for Work and Pensions, what assessment she has made of the impact of not uprating benefits in line with inflation on levels of child poverty in York Central.
To ask the Secretary of State for Work and Pensions, what assessment she has made of the impact of not uprating benefits in line with inflation on levels of child poverty in York Central.
I refer the Hon. Member to my response to Parliamentary Question 126529 answered 25th February 2022.
To ask the Secretary of State for Work and Pensions, what recent assessment he has made of the cumulative impact of (a) not uprating benefits in line with current inflation and (b) ending the universal credit uplift in 2021 on the level of child poverty in East Renfrewshire.
To ask the Secretary of State for Work and Pensions, what recent assessment he has made of the cumulative impact of (a) not uprating benefits in line with current inflation and (b) ending the universal credit uplift in 2021 on the level of child poverty in East Renfrewshire.
I refer the Hon. Member to my response to Parliamentary Question 126529 answered 25th February 2022.