RISHI Sunak yesterday dashed hopes of another bailout to help Britons battered by the cost of living crisis.
He said energy prices are too “volatile” to predict and he wants to wait until the fall to decide if he will finance more money from bills.
Grilled by MPs, he also admitted for the first time he’s not a tax cut chancellor.
Taxes are at their highest level since the 1940s.
Mr. Sunak is under intense pressure to do more to help the hard-pressed families facing the crisis largest decline in living standards since the 1950s.
But in the finance committee, he said he wanted to wait until the energy price cap was reassessed later in the year before deciding whether to act.
He said: “It is clearly very difficult to speculate on autumn energy prices today.
“Let’s wait until we get there.”
work Angela Adler blasted: “You style yourself as a tax cut chancellor, but you’re not, are you?”
But Mr. Sunak said: “I didn’t say that. I said I’m a chancellor who’s had to deal with a pandemic.”
He announced last month up to £350 aid so families can take the sting out of bills.
Last week he moved to further ease the pain Reduction of 5p from the fuel requirementincreasing the amount someone must earn before they can pay Social Security and the promise of 1p less in income tax in 2024.
https://www.thesun.co.uk/news/18094655/rishi-sunak-bailout-cost-of-living-crisis/ Rishi Sunak dashed hopes of further cost-of-living support for ordinary Brits