Chancellor to face Treasury Committee on cost of living support
The Committee is likely to explore whether the measures could cause higher inflation, whether support was sufficiently targeted to lower income households, and what impact the Energy Profits Levy will have on investment in the UK.
MPs may also ask about financial support for businesses and the likelihood of further measures being required later in the year.
Chair's comment
Commenting ahead of the session, Rt. Hon. Mel Stride MP, Chair of the Treasury Committee, said:
“It is very welcome to see such a bold package introduced by the Chancellor to support households with the rising cost of living. Overall, this looks like an impressive and generally well-targeted intervention. However, there are inevitably questions that arise, not least around the impact that the Chancellor’s intervention might have on inflation.”