Tory Chancellor, Rishi Sunak, has been shamed into pledging financial support for households suffering in the cost-of-living crisis and U-turning on a windfall tax of energy firms.
The Chancellor was forced to add emergency measures to a £15 billion package aimed at lessening the impact of soaring inflation, including offering millions a £400 discount grant off their energy bills and a £5bn levy on oil and gas giants.
As well as ring-fencing £6bn for the universal payment from October — which does not have to be paid back and replaces his initial plan for a £200 loan — there was targeted support for the poorest, elderly and disabled, Mr. Sunak told MPs.
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