I am really pleased to see, after writing to the Chancellor, Rishi Sunak, and speaking to him in private about this issue, that the triple lock will apply to the state pension.
Many people in Bosworth and across the country were worried about what it meant for them when the triple lock was suspended, so this was an important and necessary update from the Chancellor's recent announcement.
I was also happy to hear the Chancellor has announced plans which will help the whole country with increases in the cost of living.
The £37 billion package will be bolstered by support from oil and gas companies who will be 90% better off when they reinvest for our future - this helps with our energy security, net zero commitments and, importantly, affordability.
It was right that the Government waited until we had the full picture of what the energy price cap would increase to in the Autumn before announcing the following measures...
Most households to receive £550 in support
Nearly 8 million of the most vulnerable houses to receive at least £1,200
Pensioners to receive £850 in support
Relief for energy bills has also been doubled, from £200 to £400 for every household and will not need to be repaid. The £400 will be credited directly to energy accounts starting in October 2022.
You can watch the full announcement here: Parliamentlive.tv - House of Commons.
Read about the Government's assistance here: Cost of Living Support - GOV.UK (www.gov.uk)
Find out what help you are eligible for here: Cost of Living Payment - GOV.UK (www.gov.uk)
