With Chancellor Rishi Sunak’s autumn spending review and budget coming up next week, the shock rise in domestic energy bills must be balanced by holding back on consumer taxes – and it looks as though Rishi Sunak may be listening. A cut to the five per cent rate of VAT on energy would help hard-pressed householders, plus the reorganising of alcohol duty could see cheaper beer and wine.
This winter sees an unprecedented assault on British consumers as inflation is taking off, triggered by rocketing gas prices, staff shortages and disrupted international supply lines pushing up costs. Both the Government and the Bank of England seem to have been caught by surprise by the four per cent surge with the cost of living possibly set to go higher for longer than they thought.
We’ve seen a lot of catastrophic predictions recently, delivered by experts advising government, but this one appears to have missed most of them, with the Prime Minister initially dismissing it as a temporary correction following the end of Covid lockdowns.
Continue reading your story on the app
Continue reading your story in the newspaper
TIGER READY TO ROLL
Dual Grand National hero primed for Aintree return
Starmer leaves Rayner out in the cold as he rejigs top team
ANGELA Rayner was humiliated yesterday after Keir Starmer launched a surprise reshuffle while she was in the middle of making a major speech.
Keep Faith With The Scientists And Their Miraculous Vaccines
‘The epidemiologists’ mantra is that nobody is safe until everybody is safe’
Snoozker champ falls asleep in game
CRITICS claim snooker can be dull enough to send anyone to sleep.
Police honour guard for sergeant killed on duty
HUNDREDS of police formed a guard of honor for slain Sergeant Matt Ratana yesterday – the “gentle giant” who would win over the force’s harshest critics with his humour and charm.
Jittery Japan shuts down to all foreigners
JAPAN closed its borders to all foreign travellers as more nations around the world bolstered their defences.
I am fighting cancer and want the right to end my life
FORMER ENGLAND CAPTAIN RAY ILLINGWORTH
Dyche freezes out critics
SEAN DYCHE does not care about the flak aimed at Burnley following the postponement of their clash with Tottenham on Sunday.
Get us back in there! Stars out for a third night
I’M A Celebrity’s storm-struck stars were set to return to the castle today after the show was scrapped for a third night.
Abusers will stay in prison longer thanks to Tony's Law
CHILD abusers will spend longer behind bars it was announced yesterday – after tireless campaigning on behalf of six-year-old double amputee Tony Hudgell.