All households will be getting '£1,400 off expected energy bills' with price guarantee and discount, Chancellor says - updates
a variety of tax cuts to help drive up economic growth
Today's announcement will be different from the regular Autumn Budget and Spring Statement which usually brings major economic measures. Instead, today's mini-Budget is an emergency response to the rising cost of living crisis. “We are determined to break that cycle. We need a new approach for a new era focused on growth.” He will justify the fiscal event as bringing in money to fund public services while allowing Britain to compete with other major economies.
Pat McFadden, shadow chief secretary to the Treasury, said: “The Conservatives don’t have a new plan for economic growth. They have simply moved from levelling up to trickle down and that has not worked in the past.
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