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Two weeks ago we announced new cost of living support measures.
Now, a single mother on universal credit, working full-time on the NLW gets an extra £2,500 this year to help with rising costs.
gov.uk/government/pub…
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The PM has won the confidence vote and now it’s time to move forward.
Tomorrow we get back to work growing the economy and delivering better public services.
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From the vaccine rollout to our response to Russian aggression, the PM has shown the strong leadership our country needs.
I am backing him today and will continue to back him as we focus on growing the economy, tackling the cost of living and clearing the Covid backlogs.
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I’m proud to say that around three quarters of the total cost of living support will go to vulnerable households.
Read more about today's announcements: gov.uk/government/new…
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Alongside the action we’ve already taken this year today's measures will ensure:
The vast majority of households receive £550.
Pensioners receive £850.
And almost all of the eight million most vulnerable households will receive support of at least £1,200.
Watch 👇
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I’ve heard people’s concerns about the impact of the Energy Bills Support Scheme repayments on future bills.
So those repayments will be cancelled.
Furthermore, the £200 of support for household energy bills will be doubled to £400 for everyone.
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We will send a one-off £650 cost of living payment directly to around eight million of the lowest income households.
Worth over £5 billion, there will be no need for people to fill out forms – we will send the payment straight into bank accounts.
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We are introducing a temporary, targeted Energy Profits Levy charged on profits of oil and gas companies at a rate of 25%.
We're also building in a new investment allowance that doubles the relief for the energy companies that invest their profits in the UK.
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I'm grateful to Sue Gray for her report and I sincerely repeat my apologies for the event I received a fine for.
The Prime Minister has apologised and lessons have been learned. I hope we can now move forward and continue delivering for the British people.
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Growing the economy is one of the best ways to help with the cost of living and that’s why I’m pleased today’s figures show the UK economy is continuing to grow.
The economy is now bigger than it was before Covid hit, and growing faster than the US, Germany, France, and Italy.
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📉 Conservative councils charge the lowest taxes in the country.
♻ Recycle more than Labour councils.
🕳 Fix on average four times as many potholes as Labour councils.
Vote @Conservatives today for lower council tax and better local services.
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Earlier my representatives, along with US & Canadian counterparts left today’s G20 meeting in Washington as Russian delegates spoke.
We are united in our condemnation of Russia’s war against Ukraine and will push for stronger international coordination to punish Russia. twitter.com/david_milliken…
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The government must do everything it can to deal with the cost of living challenges faced by people in the UK.
That’s what the Prime Minister told MPs tonight and he was completely right.
Together we will get on with the job and focus on the people’s priorities.
439
Today I have written to the Prime Minister asking him to refer my ministerial declarations to the Independent Advisor on Ministers’ Interests.
I have always followed the rules and I hope such a review will provide further clarity.
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We have set out new legislation to see stablecoins recognised as a valid form of payment in the UK.
By recognising the potential of this technology and regulating it, we can ensure financial stability and provide wider consumer payment choice.
gov.uk/government/new…
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We're working to make the UK a global cryptoassets hub. We want to see the businesses of tomorrow, and the jobs they create, here in the UK.
Today @JohnGlenUK set out how we are going to encourage crypto investment and technology in UK markets. 👇
gov.uk/government/new…
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It's 6pm - the biggest cut to all fuel duty rates ever has just come into effect. #SpringStatement2022
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We are helping families with the cost of living. #SpringStatement2022
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Today’s Tax Plan delivers the biggest net cut to personal taxes in over a quarter of a century.
👇 Read the plan here 👇assets.publishing.service.gov.uk/government/upl…
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This is a tax cut for workers, for pensioners, for savers.
A £5bn tax cut for over 30 million people. #SpringStatement2022
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In 2024, for the first time in sixteen years, the basic rate of income tax will be cut from 20% to 19%
That’s a £5bn tax cut for over 30 million people. Watch below to find out more 👇
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From April, the Employment Allowance will increase to £5,000.
That’s a new tax cut worth up to £1,000 for about half a million small businesses – starting in just two weeks’ time.
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We’re delivering our promise to match NICs and income-tax thresholds in full, this year.
It's the biggest single personal tax cut in over a decade.
70% of all workers will have their taxes cut by more than the amount they’ll pay through the new NHS & Care Levy.
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From July, people will be able to earn £12,570 a year without paying any income tax or National Insurance.
It’s a £6bn personal tax cut for 30 million people in the UK.
It’s worth over £330 a year and is the largest increase in a basic rate threshold – ever.👇
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Some have called for the fuel duty cut to last until August. I have decided it will be in place until March next year – a full 12 months.
Together with the freeze, this is a tax cut this year for hard-working families and businesses worth around £5 billion.
Prime Minister of the United Kingdom 🇬🇧
@Conservatives leader.
MP for Richmond (Yorks).