Cost of Living

Part of Wales – in the House of Commons at on 8 May 2024.

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Photo of David Davies David Davies The Secretary of State for Wales

We have made it clear that we want to keep the triple lock to ensure that pensions continue to increase in line with inflation. We will be able to afford that by ensuring that we get growth in the economy, which is why we wanted to end the double taxation system of making those in work pay extra money through national insurance tax. We have also made it clear that we will make tax cuts only when we can afford them, because on the Conservative side of the House, we do not believe in making unfunded promises in order to buy votes.