By Rishi Sunak defends spring statement
Chancellor Rishi Sunak has defended his spring statement which was published yesterday afternoon following widespread criticism.
A number of MPs have accused Sunak of failing to help the poorest people, including those who are out of work or on low income.
But Sunak defended the budget on the grounds that the UK is recovering from its biggest crisis in 300 years, adding that his cut to personal taxes is the largest in over quarter of a century.
Speaking to Sky News, the Chancellor said: “I can’t solve every problem and I’ve always been honest about that and where I can make a difference, of course, I want to and I think the plan I announced yesterday will do exactly that and support hard-working British families
“I do believe the policies that we’re putting in place will help those people on low incomes disproportionately in fact.”
This comes as the Office for Budget Responsibility (OBR) said the rise in inflation, which is expected to hit double digits this year, is likely to cause “the biggest fall in living standards in any single financial year since ONS records began”.
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