Benefits may not be hiked in line with spiralling inflation, a minister has suggested. Treasury minister Chris Philp also insisted that Government plans to cut taxes to the benefit of the most wealthy will continue.
He said that a commitment by former chancellor Rishi Sunak to uprate benefits in line with inflation was under consideration, after reports that different Government departments have been asked to draw up plans for efficiency savings. The move, reported by the BBC and others, would be aimed at reducing future Government borrowing after the economic turmoil following the mini budget.
Liz Truss is expected to face public questioning about her economic plans for the first time following the fallout from the mini budget on Thursday. The Prime Minister will be touring regional BBC radio stations in a morning round of interviews.
