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1546656
registered interest false more like this
date less than 2022-11-29more like thismore than 2022-11-29
answering body
Treasury more like this
answering dept id 14 remove filter
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Economic Situation remove filter
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government what steps they are taking to support households using a wellbeing economy approach given the increased cost of living. more like this
tabling member printed
Lord Taylor of Warwick more like this
uin HL3862 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-12-05more like thismore than 2022-12-05
answer text <p>The government understands that people are worried about the cost of living challenges ahead. That’s why decisive action has been taken to support households across the UK through cost of living challenges ahead, whilst remaining fiscally responsible.</p><p> </p><p>On 17th November, the Government has announced further support for next year designed to target the most vulnerable households. This cost of living support is worth £26 billion in 2023-24, in addition to benefits uprating, which is worth £11 billion to working age households and people with disabilities. This support for 2023-24 is in addition to the generous support already in place to support households this winter.</p><p> </p><p>A 'wellbeing economy' starts from the idea that public interests should determine economics. The government is continuing to invest in the UK’s human and environmental capital to support individual wellbeing and societal strength. To help key public services continue to deliver, the government is prioritising further funding in the next two years to support the healthcare system and schools. The government has also recommitted to tackling climate change and delivering our net zero emissions targets by 2050.</p>
answering member printed Baroness Penn more like this
question first answered
remove filter
answering member
4726
label Biography information for Baroness Penn more like this
tabling member
1796
label Biography information for Lord Taylor of Warwick more like this