Analysis: Rumours are rife about what Chancellor Rishi Sunak may do to help families, as part of the Spring Statement, to tackle rising inflation and an economy being buffeted on several fronts
The upshot is that the numbers produced by the Office for Budget Responsibility this week are likely to include some scary looking figures: inflation rising towards double digits this year, compared with the previous forecast of"just" 4%, and the forecast for growth in gross domestic product being cut.
Some of this is due to the Russian invasion, certainly, but a lot of that inflation was in the pipeline long before tanks rolled across the border.Here are a few things to look out for: The next thing to look out for is what he does to dull the pain of the health and social care levy, due to come into force in April.An increase in National Insurance contributions is likely to hit families' disposable income, experts say.
But there are strong arguments to say we are in one of those unusual periods when prices have risen far beyond what anyone might reasonably have expected.Will the government introduce a windfall tax on North Sea oil producers? Mr Sunak has so far seemed reluctant.
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