Spring Statement: Rishi Sunak seeks to combat cost-of-living squeeze

Spring Statement: Rishi Sunak seeks to combat cost-of-living squeeze

BBC News says Chancellor Rishi Sunak has set out measures aimed at combating soaring energy, food and fuel prices, in his Spring Statement.

He cut fuel duty by 5p but resisted calls to scrap April’s National Insurance rise of 1.25p in the pound.

He warned the UK’s post-pandemic recovery had been blown off course by the war in Ukraine.

But he held out the promise of an income tax cut in 2024 when he said the economy would be in better shape.

Labour said he had made an “historic mistake” by pushing ahead with next month’s National Insurance increase, which the party warned would hit workers hard.

https://www.bbc.co.uk/news/uk-politics-60848315

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