Pressure is building on Rishi Sunak to unveil measures to help struggling households in his spring statement as the cost of living crisis worsens
A briefing from the House of Commons library said the cost of living across the UK has been rising since early 2021, while in January this year inflation reached its highest recorded level since 1992.
But Mr Sunak is also expected to set how a new culture of enterprise, urging the private sector to train, invest, and innovate more. Labour, however, unveiled analysis claiming Mr Sunak was on track to have raised more tax than any chancellor in 50 years, with 15 tax rises in the last two years.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Raise benefits and pensions to help lower earners, thinktank tells Rishi SunakResolution Foundation says pegging benefits to inflation will target help to needy better than scrapping NI rise
Read more »
Spring Statement: Borrowing figures give Rishi Sunak 'wiggle room'One influential economist says government borrowing this year could be about £25bn less that expected.
Read more »
Rishi Sunak handed borrowing boost before spring statementFigures could improve chances of tax cuts, but inflation drives up cost of government debt
Read more »
Hardworking British families beg Rishi to ease pain of Cost of Living crisisHardworking families tell the Mirror 'we work hard, we shouldn't have to be scrimping' as they fear Rishi Sunak's spring statement will not be enough to ease their cost of living crisis nightmare
Read more »