Treasury preparing 11th hour package to soften national cost of living crisis
The Guardian says the Treasury is scrambling to complete 11th-hour plans capable of softening a national cost of living crisis, including a £200 rebate on energy bills and more help for the poorest households.
No 10 and the Treasury have been under pressure from Tory MPs to act as millions of households brace for a record hike in energy bills from April, and the prospect of rising mortgage rates and tax increases.
With the Conservatives sliding in the polls and Boris Johnson under fire over parties in No 10 during lockdown, the prime minister and his chancellor, Rishi Sunak, met to stitch together a multi-billion pound package to address concerns about household bills.
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