Rishi Sunak will warn that the next few months will be “difficult” as he faces growing pressure from cabinet ministers to cut taxes to help with rising inflation.
In a speech to business, the chancellor will say that “it is impossible to pretend” that it will be easy to reduce the cost of living. He will promise to cut taxes on business in the fall.
Liz Trass, the foreign minister, said this morning that a “low-tax economy” is the best way to help people with the cost of living. This comes after inflation reached a 40-year high of 9 percent.
Liz Trus expresses concerns about the prospect of an unforeseen tax on energy companies’ profits
ALAMI
The quake raised concerns about the prospect of an unforeseen profit tax on energy companies. She said the tax on oil and gas companies could
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