Standard of Living: Coventry

Treasury written question – answered on 21st September 2021.

Alert me about debates like this

Photo of Colleen Fletcher Colleen Fletcher Opposition Whip (Commons)

To ask the Chancellor of the Exchequer, what recent assessment he has made of the effect of his Department's policies on living standards in (a) Coventry North East constituency and (b) Coventry.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

HM Treasury analysis published alongside Budget 2021 has shown that policy interventions in response to COVID-19 have, on average, supported the poorest working households most as a proportion of pre-pandemic income.

Analysis published at Budget 2021 also shows that in 2021-22 (even when excluding spending in response to COVID-19) tax, welfare and spending decisions made since Spending Round 2019 will, on average, benefit all households, with the poorest gaining the most as a percentage of net income.

Tax and welfare policy changes are analysed using HM Treasury’s Intra-Governmental Tax and Benefit Microsimulation model (IGOTM), which is underpinned by data from the ONS’s Living Costs and Food (LCF) survey. The sample size of the LCF is not large enough to provide robust analysis at a local authority or constituency level. Further details can be found here: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/966207/DA_Document_Budget_2021.pdf

However, throughout the pandemic, the Government has sought to protect people’s jobs and livelihoods across the UK, including in the Coventry North East constituency and Coventry. This includes unprecedented measures such as the Coronavirus Job Retention Scheme (CJRS) and the Self-Employment Income Support Scheme (SEISS).

For the latest HMRC statistics on the use of the CJRS, see the table below (from published HMRC figures found at https://www.gov.uk/government/statistics/coronavirus-job-retention-scheme-statistics-9-september-2021) :

Cumulative number of employments furloughed since March 2020 (based on claims made by 16 August 2021)

Coventry North East constituency

21,200

Coventry

58,200

For the latest HMRC statistics on SEISS, see the table below (from published HMRC figures found at https://www.gov.uk/government/statistics/self-employment-income-support-scheme-statistics-september-2021):

Total number of claims made for all SEISS grants by 15 August 2021

Total number of individuals who have claimed across all SEISS grants by 15 August 2021

Total value of claims made across all SEISS grants by 15 August 2021

Coventry North East constituency

15,500

4,500

£37,700,000

Coventry

39,200

11,400

£98,300,000

Does this answer the above question?

Yes1 person thinks so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.