The comments by Mel Stride came as Rishi Sunak considers raising state pensions and benefits in line with inflation in a move that would likely usher in deeper public spending cuts elsewhere and higher tax rises.
The Prime Minister and Chancellor Jeremy Hunt are considering imposing up to £60billion in tax rises and spending cuts in the autumn budget on November 17.
Treasury sources insisted no decisions have been taken, but did not deny a report in the Times stating they would avoid realterms cuts on pensions and benefits.
This story is from the November 09, 2022 edition of Manchester Evening News.
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This story is from the November 09, 2022 edition of Manchester Evening News.
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