Cost of Living: Fiscal Steps

Part of Treasury – in the House of Commons at on 20 December 2022.

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Photo of Jeremy Hunt Jeremy Hunt The Chancellor of the Exchequer

Because of these unprecedented and difficult times, the Government have chosen to make more than £100 billion of additional support available to families this winter and next winter, on top of increasing the national living wage by a record 9.7% and uprating benefits by inflation.