Jo Stevens

Jo Stevens

Labour — Cardiff East

Speaking in the House of Commons on 21 January 2026

Debate

Cost of Living: Wales

Contribution

My hon. Friend is absolutely right; this Government are supporting people across Wales and the UK with the cost of living. In comparison with when we came into government, households that take out a new mortgage are saving around £1,400 a year on their mortgage repayments. We have also increased the state pension by 4.8%, which will take effect in April, benefiting 700,000 pensioners across Wales. We have also uprated the universal credit standard allowance by over 6%—the first ever permanent real-terms increase—benefiting 320,000 households in Wales.

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