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1419915

registered interest
date	04/02/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Pay
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the implications for his policies of the findings of the Bank of England Monetary Policy Report of 3 February 2022, that pay has risen by less than prices, such that households real incomes are being squeezed.
tabling member constituency	Cynon Valley
tabling member printed	Beth Winter
uin	118645
answer	answer is ministerial correction date of answer 09/02/2022 answer text <p>We understand that inflation, if higher than income growth, can reduce households’ real income, and that higher prices can increase the cost of living for people and households.</p><p> </p><p>The government is providing support worth around £12 billion this financial year and next to help families with the cost of living. Much of the support in place that will help ease these pressures is UK-wide, for example the increase to the National Living Wage, the change to the Universal Credit taper rate and increase to the Work Allowance, as well as freezes to alcohol duty and fuel duty.</p><p> </p><p>In addition, the government has announced a package of support to help households with rising energy bills, worth £9.1 billion in 2022-23.</p><p> </p><p>The government’s Plan for Jobs is also helping people into work and giving them the skills they need to progress – the best approach to managing the cost of living in the long term.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 118646 118648 118650 question first answered 09/02/2022 08:14:01 answering member 4051 label Biography information for John Glen
tabling member	4809 label Biography information for Beth Winter

1273401

registered interest
date	30/12/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Pay
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential effect of the UK-EU Trade and Cooperation Agreement on (a) UK wages and (b) trends in the National Living Wage.
tabling member constituency	Glasgow Central
tabling member printed	Alison Thewliss
uin	132998
answer	answer is ministerial correction date of answer 12/01/2021 answer text <p>This is the first free trade agreement the EU has ever reached based on zero tariffs and zero quotas. It is an excellent outcome for families and businesses in every part of the UK. Businesses will be able to continue to trade smoothly, selling to their customers in the EU. From financial services through to automotive manufacturing, the deal protects high quality jobs and investment right across the UK. People will be able to continue to buy goods from Europe tariff-free, protecting consumer prices.</p><p> </p><p>The Government remains committed to its longer-term target for the National Living Wage to reach two thirds of median earnings by 2024, provided economic conditions allow.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 12/01/2021 09:09:57 answering member 4051 label Biography information for John Glen
tabling member	4430 label Biography information for Alison Thewliss