Cost of living: Sunak pledges to cut £5.5bn in 'wasteful' government spending

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'There was a broad hint that fuel duty was likely to be cut.' .SamCoatesSky says the chancellor will have to 'dig deep' in the spring statement to try and deal with the cost of living. 📺 Sky 501, Virgin 602, Freeview 233 and YouTube

Other moves Mr Sunak may announce on Wednesday include raising National Insurance thresholds to offset the tax hike due next month and increasing benefits such as Universal Credit.

, Boris Johnson said Vladimir Putin's attack on Ukraine was"pushing up the cost of living, hitting us at the pumps and in our fuel bills". Shadow chancellor Rachel Reeves is demanding a one-off windfall tax on oil and gas profits, axing VAT on home energy bills for a year, ditching the"buy now, pay later" energy scheme and halting the NICS rise.

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