Robert Halfon MP appeals to Rishi Sunak for fuel duty cut
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The latest analysis by the Institute for Fiscal Studies revealed people will face a triple whammy of tax rises of income tax, National Insurance, and corporation tax raises, set to cost every adult an extra £1,000 a year. On top of this people across the UK face soaring fuel prices and rising inflation.
The Chancellor is being urged to scrap next month’s National Insurance (NI) hike. A former economist at the Office for Budget Responsibility said Mr Sunak has between £25billion and £50billion of “wiggle room” to “play wit” which he could use to ease the pressure.
Tory MP Craig Mackinlay said the NI rise if “completely unnecessary” and called for the Chancellor to “pull back” on the plans.
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