Context
The previous Parliament saw a significant decline in living standards, making it a critical issue for constituents.
Question
If she will make an assessment of the potential impact of trends in the level of living standards on the economy. The Minister says that living standards are rising following the unprecedented fall during the last Parliament; my constituents welcome action taken to freeze rail fares and take £150 off energy bills, as well as today’s commitment to cap ground rent. Will he confirm that the Government will continue to strain every sinew, clear every obstacle and use the power of government to cut the cost of living and raise living standards for my constituents over the course of this Parliament?
Answer from Torsten Bell (Parliamentary Secretary to the Treasury)
My hon. Friend highlights the key role of energy bills in rising living standards; the Budget took levies off energy bills to save families £150 on average next year, further supporting living standards by making it easier for banks to cut mortgage rates and giving businesses confidence to invest. Energy bills cuts, ground rents cuts—change promised, change delivered.
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