Context
The MP inquires about specific fiscal steps the government is taking to support low-income families, citing previous financial challenges faced by the country.
Question
What fiscal steps he is taking to support lower-income households. Given the historical context of high borrowing and limited resources under the previous Labour Government, what measures are being implemented now?
Answer from Jeremy Hunt
In the next financial year there will be a number of measures to help households with the lowest incomes, including a £900 cost of living payment, a 10.1% increase in benefits in line with inflation, and an increase in the national living wage to £10.42 an hour, which represents an extra £1,600 for someone in full-time work.
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