Cost of Living: Scotland

Treasury – in the House of Commons at on 14 November 2023.

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Photo of Michael Shanks Michael Shanks Labour, Rutherglen and Hamilton West

Whether he has had recent discussions with the Secretary of State for Scotland on the impact of increases in the cost of living on the Scottish economy.

Photo of Laura Trott Laura Trott The Chief Secretary to the Treasury

We have announced UK-wide support for households, including cost of living payments, the energy price guarantee and the energy bills support scheme. Taken together, support for households is worth £94 billion and is among the largest packages in Europe.

Photo of Michael Shanks Michael Shanks Labour, Rutherglen and Hamilton West

The Institute for Fiscal Studies recently reported that wages in Scotland have risen by 1.5% since 2015, compared with 5% in England. In the face of a cost of living crisis brought about by the Conservative party’s disastrous mini-Budget, wages simply are not keeping up with the cost of living. What can the Minister commit the Government to doing next to help make work pay? Will she, for example, support Labour’s new deal for working people?

Photo of Laura Trott Laura Trott The Chief Secretary to the Treasury

I was pleased to see this morning’s figures, which show that wages are going ahead of inflation. This is very good news and I hope it spreads to Scotland.