Alec has today welcomed the Chancellor's plan to drive down inflation, invest in our schools and NHS and provide additional support to households and pensioners.
Today, the Chancellor set out in his Autumn Statement how he will improve economic stability, protect services, control inflation and boost growth.
Under these plans the NHS and schools will receive an extra £11 billion in funding over the next two years, with spending on public services protected and expected to increase in real terms.
The triple lock on pensions has been maintained, meaning that state pension payments will increase in line with inflation - an increase of 10.1% - on top of existing measures of support including increases to Winter Fuel Allowance.
The Government's cap on energy costs has been extended for an additional year, ensuring that the average household pays no more than £3,000 annually for their energy from next April.
£600 billion in capital investment over the next five years through the Levelling Up Fund, UK Shared Prosperity Fund, R&D spending and a £14 billion business rates cut will support our high street and help to boost growth.
Commenting, Alec said, "Putin’s war in Ukraine is pushing up inflation across the globe and whilst the rate of inflation in the U.K. is lower than Germany, Italy etc, we still need to make difficult decisions to support our economy. In doing so, we will protect those most vulnerable to this Russian-made recession."
