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Motor Vehicles: Costs

Question for Treasury

UIN 125172, tabled on 18 February 2022

To ask the Chancellor of the Exchequer, what impact assessment the Government has conducted of the effect of the increased cost associated with motoring expenditure on low income families.

Answered on

23 February 2022

As the global economy recovers, many economies are experiencing high inflation, in part due to pressures from rising energy prices and disruptions to global supply chains. These global pressures are the main driver of higher inflation in the UK.

We understand the pressure that a higher cost of living places on people and low-income families. The government is providing support worth over £20 billion this financial year and next that will help families with the cost of living. This includes cutting the Universal Credit taper rate and increasing work allowances to make sure work pays, freezing alcohol and fuel duties to keep costs down, and the £9.1 billion package announced in February 2022 to help households with rising energy bills.

Answered by

Treasury