Treasury written question – answered am ar 6 Mawrth 2024.
Grahame Morris
Llafur, Easington
To ask the Chancellor of the Exchequer, what steps he is taking to increase the relative value of the Sterling to ease cost of living pressures.
Bim Afolami
The Economic Secretary to the Treasury
The government does not have a preferred level for sterling, or other financial market variables, and has not intervened for the purposes of influencing the sterling exchange rate since 1992.
Over the 2022-23 and 2023-24 financial years, the Government has provided £96bn of cost of living support to households – that’s an average of £3400 per household. The Government remains committed to improving living standards and building a more prosperous future.
Yes1 person thinks so
No1 person thinks not
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