Treasury Committee looks into cost of living squeeze
27 January 2022
The Treasury Committee holds an evidence session examining the rise in the cost of living at 3:15pm on Monday 31 January.
Purpose of the session
MPs are likely to use the session with experts to establish the drivers of the current squeeze, how long it is likely to last, and which groups have been hardest hit by its effects.
The Committee could also seek experts’ views on the likelihood of inflation remaining at elevated levels, as well as whether April’s 1.25% increase in National Insurance contributions and VAT on electricity and gas bills cut.
Other potential topics include the impact of increasing housing costs, the potential for the benefit system to tackle the problem, whether the reversion to a 20% VAT rate for hospitality should be delayed, and the implications for the economic recovery from the coronavirus crisis.
Monday 31 January 2020
- Torsten Bell, Director, Resolution Foundation
- Robert Joyce, Deputy Director, Institute for Fiscal Studies
- Tom Clougherty, Head of Tax, Centre for Policy Studies