1p income tax cut to be brought forward to help people with bills rising by £££s
The Metro says Rishi Sunak is drawing up plans to increase the warm home discount before cutting taxes amid growing political pressure to step in and tackle the cost of living crisis, reports suggest.
Conservative MPs are urging the Chancellor to ease the squeeze on households struggling to keep up with rising prices, soaring energy bills and tax hikes.
The financial pain is set to be laid bare this morning when inflation is expected to have risen by as much as 9.1% in the year to April, the highest one-year increase in consumer prices since records began in 1989.
Mr Sunak and his Treasury ministers have suggested new measures to help ease cost of living pressures are being developed but will not be introduced imminently.
…………………
FOLLOW US ON SOCIAL MEDIA AND SHARE WTX NEWS WITH YOUR FRIENDS AND FAMILY:
Facebook – Please like our page
Twitter – Twitter updates available in English and Arabic. Please follow us and we would love to hear from you
Instagram – Follow our pages in English and Arabic