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Cost of Living Support

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Thursday, 26 May, 2022
COL

Recent global events have left families facing increasing costs. Rising food, energy and fuel prices are affecting everybody, but hitting low-income families particularly hard.

Many constituents have contacted me to express their concerns about rising bills and I have continued to relay these to my ministerial colleagues. I have always maintained that it is important for the government to continue to listen and ensure that policies are in place to help those most in need.

I therefore welcome the Chancellor’s announcement today of a package of new support measures worth £15 billion. These significant, targeted measures include:

➡️ Doubling the Energy Bills Support Scheme to provide every household a one-off grant of £400.

➡️ A £650 grant for every household on means-tested benefits.

➡️ A one-off payment worth £300 for every pensioner household in receipt of Winter Fuel Payments.

➡️ An extra £150 payment for those in receipt of disability benefits.

Oil and gas companies are currently seeing extraordinary profits as a result of global spikes in commodity prices. I agree with the Chancellor that it is right to tax these profits fairly, while ensuring we continue to incentivise investment. I welcome the targeted and temporary Energy Profits Levy, which will raise around £5 billion over the next twelve months.

While it is important to recognise that no government can solve every problem, I do hope that today’s announcement will offer reassurance to constituents and help to ease the pressure on household bills.

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ConservativesPromoted by Alana Powell on behalf of Victoria Prentis, both of Wykham Park Farm, Wykham Lane, Banbury, OX16 9UP
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