UK's Rishi Sunak tries to ease cost-of-living hit with tax cuts
Britons still face biggest cost-of-living squeeze on record
27 March 2022 - 06:30
British finance minister Rishi Sunak cut fuel duty and softened some of a looming payroll tax increase this week as he sought to alleviate a severe cost-of-living squeeze against the backdrop of slowing economic growth.
But with inflation set to hit a 40-year high of nearly 9% later this year, government forecasters said Britons faced the biggest hit to their living standards since records began in the late 1950s — even after Sunak's measures...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.