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The Chancellor presented her 2025 Budget to the Commons on 26 November, and the Office for Budget Responsibility published updated forecasts for the economy and public finances for the next five years.
The Chancellor presented her 2025 Budget to the Commons on 26 November, and the Office for Budget Responsibility published updated forecasts for the economy and public finances for the next five years.
To ask the Secretary of State for Health and Social Care, if he will consider linking pharmacy funding to (a) inflation and (b) the National Living Wage.
To ask the Secretary of State for Health and Social Care, if he will consider linking pharmacy funding to (a) inflation and (b) the National Living Wage.
We have taken necessary decisions to fix the foundations in the public finances at the Autumn Budget, and this enabled the Spending Review settlement of a £22.6 billion increase in resource spending for the Department from 2023/24 outturn to 2025/26.
We have now agreed with Community Pharmacy England to increase the community pharmacy contractual framework to £3.073 billion from April 2025. This deal represents the largest uplift in funding of any part of the National Health Service, at over 19% across 2024/25 and 2025/26. This shows a first step in delivering stability for the future and a commitment to rebuilding the sector.
To ask the Secretary of State for Health and Social Care, whether his Department has plans to link pharmacy funding to inflation and National Living Wage increases.
To ask the Secretary of State for Health and Social Care, whether his Department has plans to link pharmacy funding to inflation and National Living Wage increases.
We have taken the necessary decisions to fix the foundations in the public finances at the Autumn Budget, and this enabled the Spending Review settlement of a £22.6 billion increase in resource spending for the Department from 2023/24 outturn to 2025/26.
The Department has considered the increases in the National Living Wage when consulting on the funding arrangements for community pharmacy. We have now agreed with Community Pharmacy England to increase the community pharmacy contractual framework to £3.073 billion from April 2025. This deal represents the largest uplift in funding of any part of the National Health Service, at over 19% across 2024/25 and 2025/26. This shows a first step in delivering stability for the future and a commitment to rebuilding the sector.
To ask His Majesty's Government what steps they are considering to mitigate the potential inflationary effects of the increase in the National Living Wage and the National Minimum Wage.
To ask His Majesty's Government what steps they are considering to mitigate the potential inflationary effects of the increase in the National Living Wage and the National Minimum Wage.
In March 2020 the Office for Budget Responsibility estimated that meeting the National Living Wage target of 2/3rds of median earnings by 2024 would increase the level of consumer price inflation by less than 0.1 per cent across that period. Evidence shows employers respond to minimum wage increases in a variety of ways, most commonly by absorbing the additional cost and accepting lower profits.
Inflation reduces real incomes, creates uncertainty, and slows economic growth. It’s essential that the government continues with its efforts to keep inflation down. Inflation has more than halved, falling from its peak of 11.1% in October 2022 to 3.4% in February. The OBR forecasts that inflation will return to the 2% target in the second quarter of this year, a year earlier than forecast in November.
My Right Honourable Friend, The Secretary of State for Work and Pensions (Mel Stride MP) has made the following Written Statement.
The Department for Work and Pensions (DWP) has today published its annual statistics on incomes and living standards covering 2022/23. This includes Households Below Average Income (HBAI), which contains estimates...
My Right Honourable Friend, The Secretary of State for Work and Pensions (Mel Stride MP) has made the following Written Statement.
The Department for Work and Pensions (DWP) has today published its annual statistics on incomes and living standards covering 2022/23. This includes Households Below Average Income (HBAI), which contains estimates...
The Department for Work and Pensions (DWP) has today published its annual statistics on incomes and living standards covering 2022/23. This includes Households Below Average Income (HBAI), which contains estimates of household incomes and a range of low-income indicators for 2022/23, derived from the Family Resources Survey. Further publications in...
The Department for Work and Pensions (DWP) has today published its annual statistics on incomes and living standards covering 2022/23. This includes Households Below Average Income (HBAI), which contains estimates of household incomes and a range of low-income indicators for 2022/23, derived from the Family Resources Survey. Further publications in...
Motion to consider. Agreed to question.
Motion to consider. Agreed to question.
Lords motion to consider. Agreed to on question.
Lords motion to consider. Agreed to on question.
My Lords, in my opinion, the provisions in the instrument are compatible with the European Convention on Human Rights. The Social Security Benefits Up-rating Order increases relevant state pension rates by 8.5%, in line with the growth in average earnings in the year to May-July 2023. It will also increase...
My Lords, in my opinion, the provisions in the instrument are compatible with the European Convention on Human Rights. The Social Security Benefits Up-rating Order increases relevant state pension rates by 8.5%, in line with the growth in average earnings in the year to May-July 2023. It will also increase...
My Lords, I of course welcome the inflation-proofing of benefits and the temporary lifting of the local housing allowance freeze in April, but—I fear this speech is a series of “but”s—I find it, frankly, insulting to those affected. I should say that the Minister is not included in this but,...
My Lords, I of course welcome the inflation-proofing of benefits and the temporary lifting of the local housing allowance freeze in April, but—I fear this speech is a series of “but”s—I find it, frankly, insulting to those affected. I should say that the Minister is not included in this but,...
It is a great pleasure to follow my noble friend Lady Lister of Burtersett. In her usual meticulous manner, she made a series of detailed points. I will just make a couple of relatively straightforward points on pensions.
There is a touch of unreality about this discussion, because I received notification...
It is a great pleasure to follow my noble friend Lady Lister of Burtersett. In her usual meticulous manner, she made a series of detailed points. I will just make a couple of relatively straightforward points on pensions.
There is a touch of unreality about this discussion, because I received notification...
My Lords, we too welcome the uprating of benefits and will support today’s SI but, as the noble Baroness, Lady Lister, has said, there are ever-rising numbers in poverty, as drawn to our attention by the Joseph Rowntree Foundation’s 2024 report on poverty, published a short while ago. According to...
My Lords, we too welcome the uprating of benefits and will support today’s SI but, as the noble Baroness, Lady Lister, has said, there are ever-rising numbers in poverty, as drawn to our attention by the Joseph Rowntree Foundation’s 2024 report on poverty, published a short while ago. According to...
My Lords, I thank the Minister for introducing this order and all noble Lords who have spoken. As he has explained, the Social Security Benefits Up-rating Order will increase most working-age benefits in line with CPI. We too welcome this instrument, because of course we want to see social security...
My Lords, I thank the Minister for introducing this order and all noble Lords who have spoken. As he has explained, the Social Security Benefits Up-rating Order will increase most working-age benefits in line with CPI. We too welcome this instrument, because of course we want to see social security...
My Lords, I thank all those who have spoken in this short debate. Before I attend to the number of questions asked and subjects raised, I would like to say at the outset—I normally do this but, today, I give special feeling and meaning to it—that this Government really do...
My Lords, I thank all those who have spoken in this short debate. Before I attend to the number of questions asked and subjects raised, I would like to say at the outset—I normally do this but, today, I give special feeling and meaning to it—that this Government really do...
I am sorry to interrupt but I started by saying that I welcomed the inflation-proofing. That is a positive. I then warned him by saying, “All the ‘buts’ are coming, I am afraid”, but it was in the context of welcoming.
I am sorry to interrupt but I started by saying that I welcomed the inflation-proofing. That is a positive. I then warned him by saying, “All the ‘buts’ are coming, I am afraid”, but it was in the context of welcoming.
I appreciate that from the noble Baroness. We have undertaken a number of debates together; I hope that she did not mind me mentioning it.
However, questions are questions; I will start by attempting to answer one of them. After each uprating, household income will go down by 2% because of...
I appreciate that from the noble Baroness. We have undertaken a number of debates together; I hope that she did not mind me mentioning it.
However, questions are questions; I will start by attempting to answer one of them. After each uprating, household income will go down by 2% because of...
My Lords, that felt more like a speech about a future Autumn Statement from a Labour Government than about the current one before us.
I too welcome the Minister to her new role and look forward to hearing from her often in this House. However, I suspect that, even if you...
My Lords, that felt more like a speech about a future Autumn Statement from a Labour Government than about the current one before us.
I too welcome the Minister to her new role and look forward to hearing from her often in this House. However, I suspect that, even if you...
My Lords, I begin by welcoming my noble friend to her new role in the Treasury. I speak in this debate more because I feel obliged to than because I really want to. I am well aware that the Government have stopped listening to Conservatives with my opinions, but I...
My Lords, I begin by welcoming my noble friend to her new role in the Treasury. I speak in this debate more because I feel obliged to than because I really want to. I am well aware that the Government have stopped listening to Conservatives with my opinions, but I...
My Lords, it gives me great pleasure to welcome my noble friend Lady Vere to her post in the Treasury. I also draw her attention to my entry in the register of interests, especially my role as president of the Resolution Foundation, on whose analysis of the Autumn Statement I...
My Lords, it gives me great pleasure to welcome my noble friend Lady Vere to her post in the Treasury. I also draw her attention to my entry in the register of interests, especially my role as president of the Resolution Foundation, on whose analysis of the Autumn Statement I...
My Lords, I also welcome the noble Baroness to the Treasury Bench. I think she will find it interesting to be shaping the state in the future.
The noble Lord, Lord Clarke of Nottingham, in his evidence to the Constitution Committee in June of last year, said that
“there are no votes...
My Lords, I also welcome the noble Baroness to the Treasury Bench. I think she will find it interesting to be shaping the state in the future.
The noble Lord, Lord Clarke of Nottingham, in his evidence to the Constitution Committee in June of last year, said that
“there are no votes...