Chancellor Rishi Sunak denies he has any links to Infosys, an IT firm operating in Russia which his wife has a stake in. Read more here:
The Office for Budget Responsibility, which provides the government with economic forecasts, said the rise in inflation is expected to cause"the biggest fall in living standards in any single financial year since ONS records began in 1956-57".
The Institute for Fiscal Studies said"the biggest omission" from the spring statement was"anything for those subsisting on means-tested benefits", who will be facing cost of living increases of about 10%"but their benefits will rise by just 3.1%". "I do believe the policies that we're putting in place will help those people on low incomes disproportionately in fact," he said.'High taxes are a reflection of the pandemic'
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