Hammond urged to tackle 'catastrophic' effect of rising inflation

Chancellor urged to scrap planned tax cuts as figures reveal extent to which living standards will be squeezed by rising prices

Philip Hammond is being urged to scrap cuts to inheritance, corporation and income tax in order to plough money into benefits, as figures reveal the extent to which living standards are going to be squeezed by rising inflation.

Analysis by the Resolution Foundation, shared exclusively with the Guardian, shows a "double-whammy" for lower-income working families who the government has said it wants to target.

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