Financial Inclusion/Family Budgets

Part of Oral Answers to Questions — Work and Pensions – in the House of Commons at 2:30 pm on 31st March 2014.

Alert me about debates like this

Photo of Iain Duncan Smith Iain Duncan Smith The Secretary of State for Work and Pensions 2:30 pm, 31st March 2014

The biggest pressure on family budgets was the fact that far too many people lost their jobs as a result of the crash in the economy, in which GDP fell by 7.2%. Since then, we have reformed welfare. It is difficult when people are out of work, but we are doing huge amounts to get them back into work. As my hon. Friend the Minister of State has said, more people are in work, more women are in work and more young people are beginning to get into work, so we are getting more people into a position to look after themselves.