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Tuesday, Dec 06, 2022

Sunak is a tax raising chancellor - Labour

Sunak is a tax raising chancellor - Labour

The shadow chancellor says the fall in living standards this year is the biggest since the 1950s.

Labour's shadow chancellor has said Rishi Sunak is a "tax raising chancellor" following the measures aimed at combatting soaring energy, food and fuel prices set out in the Spring Statement.

Rachel Reeves said the ongoing cost of living crisis, combined with tax increases, will lead to difficult times for workers.

The Office of Budget Responsibility has warned living standards are set to take the biggest hit since records began in the 1950s.


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