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Spring Declaration 2022

(PA)

Voters overwhelmingly support the unexpected tax from North Sea oil and gas companies to support growing families electricity billsnew poll for The Independent found.

Chancellor Rishi Sunak is under increasing pressure to use today’s mini-Budget give people a helping hand with their finances when daily living expenses rise.

Savanta ComRes poll for The Independent found that the majority of voters – including Conservative voters – support the abolition of the increase in contributions to the National Insurance next month by 1.25 percentage points.

Most also support cuts fuel duty and the introduction of a minimum wage of £ 10 per hour. Next month, families will face an additional blow to their finances, which will affect the average increase in annual gas and electricity bills by 700 pounds.

It is expected that this fall an additional increase of 600-1000 pounds is expected due to the consequences Ukraine War.

Chancellor Rishi Sunak believed that today’s statement would be nothing more than an economic update, but plans have changed and now the mini-budget is expected to provide further measures to combat the cost of living crisis.

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Today’s mini-budget changes at the last minute

Chancellor Rishi Sunak ordered a last-minute change to the mini-budget on Wednesday after he was warned that this week he was facing a “moment of truth” about the cost of living crisis, Political editor Andrew Woodcock and economic editor Anna Isaac to write.

The Independent As it became known, the Office of Budget Responsibility was ordered to recalculate fiscal forecasts to take into account the changed plans of the Treasury, which is a very unusual step.

Read the full story here:

Tom BarnesMarch 23, 2022 00:06

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The chancellor in the photo is preparing for the spring statement

Chancellor Rishi Sunak was photographed in preparation for the Spring Statement, which will begin today at 12:30 p.m.

In a Twitter message, Mr Sunak said it “provides greater economic security for our people, accelerates growth and productivity, and ensures that the proceeds of this growth are distributed fairly”.

He added: “This is not the work of a single statement. But this work begins tomorrow. The Spring Statement starts at 12:30 ”.

(Rishi Sunak)

Tom BarnesMarch 22, 2022 04:29

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The chancellor in the photo is preparing for the spring statement

Chancellor Rishi Sunak was photographed in preparation for the Spring Statement, which will begin today at 12:30 p.m.

In a Twitter message, Mr Sunak said it “provides greater economic security for our people, accelerates growth and productivity, and ensures that the proceeds of this growth are distributed fairly”.

He added: “This is not the work of a single statement. But this work begins tomorrow. The Spring Statement starts at 12:30 ”.

(Rishi Sunak)

Holly BancroftMarch 22, 2022 00:44

Spring Declaration 2022

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