Spring Statement

Part of the debate – in the House of Commons at 1:17 pm on 13th March 2019.

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Photo of Philip Hammond Philip Hammond The Chancellor of the Exchequer 1:17 pm, 13th March 2019

I repeat once again that the spring statement is not a fiscal event, so I am not making fiscal announcements. I have already explained why the benefit freeze was necessary—difficult but necessary—and that we have no intention of extending it. When it comes to an end, benefits will resume their increase in line with CPI inflation.