Spring Statement LIVE: Tax hike triple whammy TODAY – Sunak panic as Tories demand U-turn

Robert Halfon MP appeals to Rishi Sunak for fuel duty cut

We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info

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.


Good morning

Good morning I’m Francesca Edwards, I’ll be bringing you all the latest developments on the Chancellors Spring Statement.

Please feel free to get in touch with me as I work if you have a story or tips to share! Your thoughts are always welcome.

Email: [email protected]

Twitter: @FrankieLEdwards

Source: Read Full Article