People on Low Incomes Covid-19 2020-10-20
2020-10-20
TAGS
Response quality
Questions & Answers
Q1
Direct Answer
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Context
The MP is inquiring about fiscal measures to aid people on low incomes amid the pandemic.
What fiscal steps he is taking to support people on low incomes during the covid-19 outbreak?
The Government have provided significant support to those on low incomes, including an additional £9 billion through welfare increases and local authority hardship funding. Specific measures include increasing universal credit and working tax credit by £20 per week, as well as providing £500 payments for households who must self-isolate.
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Assessment & feedback
Response accuracy
Q2
Partial Answer
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Context
The MP visited several businesses in Horbury and noted that the imposition of tier 2 measures has had a negative impact on consumer confidence, affecting these businesses.
Will my hon. Friend confirm that he will use all his creativity to focus HMT strategy on stimulating confidence in the consumer economy to support these businesses, and to consider tax reform?
My hon. Friend is right to highlight the challenges faced by his constituents, with 14,500 benefiting from the furlough scheme and £28.4 million in business grants provided. The Minister assured that Treasury Ministers will use rigorous analysis as they work with the Chancellor towards the next Budget.
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Assessment & feedback
Consideration of tax reform to stimulate consumer confidence
Looking To Future
Rigorous Analysis And Thinking
Response accuracy