Treasury considers ways to ease cost of living in spring statement

Reluctant to make big fiscal changes, chancellor Rishi Sunak considers tax adjustments and fuel duty cut

The Treasury has drawn up a range of options to help with the cost of living crisis - including a 1p cut to income tax, raising the national insurance threshold and a significant cut to fuel duty.

But government sources said Rishi Sunak, the chancellor, was still reluctant to make big fiscal changes.