It’s hard to overstate the scale of the cost of living crisis that’s coming. The highest inflation in 40 years and the worst income squeeze on record lie ahead of us.
While household finances are taking a hammering, the public finances have actually been on the up: we’re all paying more taxes than the Government expected.
Using that headroom, the Chancellor today prioritised rebuilding his tax cutting credentials over support for the low-to-middle income households hardest hit.
