Cost of Living: Households in Newport West

Part of Wales – in the House of Commons at on 25 May 2022.

Alert me about debates like this

Photo of David Davies David Davies The Parliamentary Under-Secretary of State for Wales, Assistant Whip

Taxes are a matter for the Chancellor, but what I can say is that I absolutely acknowledge that there is a challenge at the moment, which has been brought about by the international situation. That is why the Government are putting £22 billion aside. It is why they have changed universal credit to help people such as the hon. Lady’s constituent who are out working, and why we have increased the minimum wage. It is why national insurance contributions are going to fall, we have extended the warm home discount and put in place a whole package of other measures. While we are spending money helping people get through the cost of living challenge, the Welsh Government are spending money buying up farms in mid-Wales and increasing the number of Senedd Members.

Chancellor

The Chancellor - also known as "Chancellor of the Exchequer" is responsible as a Minister for the treasury, and for the country's economy. For Example, the Chancellor set taxes and tax rates. The Chancellor is the only MP allowed to drink Alcohol in the House of Commons; s/he is permitted an alcoholic drink while delivering the budget.