How are Government policies affecting family budgets?
- Published on Thursday, 27 October 2011 09:57
- Posted by Scott Buckler
The House of Lords will examine how Government policies are affecting family budgets and what can be done to help in a debate this morning,Thursday 27 October
As 37% of households see their finances worsen while prices rise, Members of the Lords – including Lord Stevenson of Balmacara, the Director of the Consumer Credit Counselling Service Scotland – will address how the Government can support families in the economic downturn.
Lord Knight of Weymouth (Labour), former Government Minister for the Department for Children, Schools and Families, who tabled and will open the debate, said:
“Just this week we have seen new figures published showing 37% of households saw their financial circumstances worsen during October. As the economy stagnates, unemployment rises and inflation goes up, family budgets are being hit hard.
“Claims of 'we are all in it together' are ringing hollow as the Institute of Fiscal Studies recent report forecasts an alarming rise in absolute and relative poverty over the next two years.
“I have called this debate in the Lords to highlight these problems, especially in relation to food prices and the cost of energy, and to call on the Government to urgently act to help the poorest who are being hit hardest.”
Source: Parliament UK