The choices being made by our UK Labour Government are helping to repair the public finances and deliver the change the country needs. They have led to wages growing more in the first year of this Government than at any point in the 2010s. We recognise however that many families are still struggling with the cost of living and that is why the Budget includes a variety of measures to cut bills and boost pay packets.

We are taking £150 off energy bills to lower inflation and ease pressure on family finances. Combined with the Warm Homes Discount, which has been expanded to provide nearly six million families with an additional £150 off their energy bills this winter, this means poorer households will save up to £300.

The Government is increasing investment in the Warm Homes Plan, which will upgrade up to five million homes, slashing fuel poverty and creating thousands of jobs. In the longer term, the mission to make Britain a clean energy superpower will allow us to take back control of Britain’s energy system and protect us from the price shocks of global fossil fuel markets controlled by dictators like Putin.

We have extended the temporary 5p fuel duty cut for an extra five months, which together with a further fuel duty freeze and new UK-wide Fuel Finder scheme, will save the average driver £89.

Full-time workers on the National Living Wage and the National Minimum Wage will see a £900 boost to their pay packets, while those on the 18-20 National Minimum Wage will see a £1,500 increase.

Because of our commitment to the pension triple lock for this parliament, pensioners on the full new state pension will receive an additional £575 per year from April. We are also lifting hundreds of thousands of children out of poverty by scrapping the two-child Universal Credit cap.

In all, our UK Labour Government is making the right and fair choices to bring down the cost of living.