Article 5XEAZ UK’s most vulnerable face crunch as Rishi Sunak helps better-off

UK’s most vulnerable face crunch as Rishi Sunak helps better-off

by
Larry Elliott and Heather Stewart
from Economics | The Guardian on (#5XEAZ)

Chancellor responds to highest inflation in three decades with lower fuel duty and vow to cut income tax

Britain's most vulnerable households will face the full force of the biggest squeeze on living standards on record after Rishi Sunak targeted better-off workers for help in his 9bn mini-budget package of tax and duty cuts.

The chancellor responded to the highest inflation in three decades with a 5p-a-litre cut in fuel duty and a 3,000 increase in the threshold for national insurance contributions but faced immediate and widespread criticism for failing to shield pensioners and those dependent on state benefits from the impact of a cost-of-living crisis.

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