Good news on pay and inflation may be coming, but we are not out of the cost-of-living woods yet janemerrick23:
is now past the peak, prices have remained high and rising interest rates have continued to squeeze household budgets.
Will this moment be enough to change the Prime Minister and Chancellor’s minds over tax cuts? It is unlikely, at least not in the medium term. Both Mr Sunak and Jeremy Hunt are wedded to the strategy of bringing inflation down before any fiscal pledges can be made, regardless of how much pressure Tory MPs put them under.
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