Oral Question·Treasury
“If she will make an assessment of the potential impact of trends in the level of living standards on the economy.”
Tabled: 21 January 2026Answered: 27 January 2026
Asked by
Luke Murphy
Labour — Basingstoke
Answering Minister
the Chancellor of the Exchequer
Answer from Hansard
The Parliamentary Secretary to the Treasury (Torsten Bell)
Rising living standards are the ultimate goal of economic policy, and living standards are now rising following the unprecedented fall during the last Parliament. The latest data shows that the average person’s real disposable income is £800 higher than in the final year of the previous Parliament.