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Covid and the UK Economy - Speech by Clare Lombardelli, Chief Economic Advisor, HM Treasury -

If we are going to be really techie, a distributional analysis would show that this benefits people _ with larger homes. yes, and you would get it, we would get it, everybody would get it. we are always focused on making i the most effective interventionsi to support households with the cost of living. that's why, for example, we've made the cut to i the universal credit rate, which is targeted at - the lowest earning families. that's why we are increasing the national living wage. - but on this specific point? on this specific point, look, . the chancellor keeps all taxes and benefits under r...

About the choices sometimes entailed in delivering public services... - 0k. economic with honesty so your critics say. so you've said very clearly you're not going to cancel the national insurance rise. that's happening. let's go for economic honesty on something else. labour is calling for a blanket cut in vat on energy bills to help people with the cost. some of your colleagues quite fancy that because it is something some of them claim they can now do because we aren't in the eu any more. economic honesty, is that remotely a possibility in treasury, or is that as ruled out as getting rid of...

Think universal credit is generous? those are — think universal credit is generous? those are the — think universal credit is generous? those are the two _ think universal credit is generous? those are the two tax _ think universal credit is generous? those are the two tax cuts - think universal credit is generous? those are the two tax cuts we - those are the two tax cuts we announced in october and not now, i believe _ announced in october and not now, i believe they— announced in october and not now, i believe they are progressive. we believe they are progressive. published believe th...

Described this as adding insult to injury. it's been calculated 2.5 million working households will be affected by the £20 a week cut to universal credit and the increase in national insurance. 0n universal credit and the increase in national insurance. on average, losing out by £1290 in the next financial year. working households. doing their very best to put food on the table, to support their children, in this cruel uk tory government takes the legs from under them. if he can explain why it's fair to the them. if he can explain why it's fairto the family them. if he can explain why it's f...