James Purnell, With food price inflation at 10% and energy prices rising by 30%, how can you budget to make sure benefits and pensions- which are supposed to pay for these essentials can keep up? And what about the future, when these reources become even more scare
Asked by stacey on Aug 08 2008 8:05:45 AM and supported by 27 members
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We have something called the annual benefit uprating, where every year we increase the level of benefits and pensions to ensure they keep in line with what’s happening in the wider economy. Over the last decade we have had a strong and stable economy in this country and this has been reflected in record numbers of people in work and the numbers claiming unemployment cut in half. Now that we are feeling the global economic pressures, just as much in Halifax as it is elsewhere, we need to make sure we in government continue to do all we can to support people off benefits and into work, helping businesses create more jobs and ensuring people can still get on the housing ladder and stay in their homes.