Cost of Living Increase: Impact on Households

Part of Treasury – in the House of Commons on 15th March 2022.

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Photo of Alison Thewliss Alison Thewliss Shadow SNP Spokesperson (Treasury)

Sanctions against Putin’s regime are absolutely necessary, but they will add an extra layer of economic harm on top of the existing Tory cost of living crisis. The Chancellor must use the upcoming spring statement to deliver an emergency package of support to householders and businesses, whose costs have spiralled out of control. Will he turn his buy now, pay later energy loan into a grant, reinstate the universal credit uplift, increase other benefits with inflation and scrap the VAT and national insurance hike that will damage so many people?