I think the hon. Lady was ungallant in relation to my right hon. Friend the Member for South Staffordshire (Gavin Williamson), who has been a very hard-working and diligent public servant over many years. It is inelegant not to thank people after a reshuffle for the service they have provided and to gloat instead; I am rather surprised at the hon. Lady behaving in that way.
The hon. Lady made some important points about inflation, but she will of course remember that monetary policy is run independently by the Bank of England, as a result of a decision taken by Gordon Brown when he was the Chancellor of the Exchequer in 1997. The main control of inflation therefore rests with an independent body, but Her Majesty’s Government are doing their side of the bargain, although opposed by the Opposition, in ensuring that fiscal policy is responsible.
The two causes of inflation are widely believed to be the connection between monetary policy and fiscal policy. One of them is independently determined, but Her Majesty’s Government have taken steps to shore up the finances of this country. That must be correct, and the sensible and right thing to do, and universal credit is part of that; £9 billion of additional support has been provided to people on UC during the pandemic as exceptional support because of the circumstances that arose during the pandemic. As the pandemic is ending and as the furlough scheme is ending, it is right that we return to normal. What my right hon. Friend the Secretary of State for Work and Pensions so rightly pointed out was that those on UC who have children or limited capability to work, for example, through a disability, are able to earn up to £293 per month before the taper rate kicks in, rising to £515 for those who do not receive housing support. What she said is absolutely right and reasonable.
The hon. Lady then moved on to the issue of children in poverty, so I can point out to her that since 2010, a period of majority Conservative government, 100,000 fewer children are living in absolute poverty. That is one of the successes of which those on this side of the House are rightly proud. There is up to £2,000 per year per child of tax-free childcare, which was introduced by the Conservatives. We have given her an Opposition day next week if she wants a debate on that. She may have been listening when I read that out, but in case she was not, let me read it out again: the subject is to be announced. Perhaps she is hinting at what the subject may be, but it seems to me that when time is provided for an Opposition day and the hon. Lady raises pressing issues, one can fit a round peg in a round hole, and she can answer her own question.