Rishi Sunak is set to announce a multibillion-dollar financial package to help with the cost of living on Thursday, just a day after Sue Gray’s expected report, Sky News understands.

The Chancellor meets with Prime Minister Boris Johnson tomorrow sign a package that could include a new tax on windfall income, help with fuel bills and help for the most vulnerable.

Mr Johnson is expected to be keen to announce a significant spending package before MPs disappear for a break after Thursday.

It used to be expected in early June, afterwards Platinum Anniversary Queen.

Political center: Former senior stunned prime minister not fined for drinking

It is clear that the Prime Minister hopes this will remove some of the damage in Ms. Gray’s report, which is expected on Wednesday.

This will spark loud accusations that he is using the spending announcement as a “dead cat” to distract the country and its MPs from criticism, but the government will argue that inflation and growth forecasts make the postponement unreasonable.

Use the Chrome browser for a more affordable video player

Ministers shy away from Partygate issues

Read more:
Products have suffered the most from rising prices, expressed as food inflation at its highest level in 13 years
Qatar is ready to help Britain, but the West must also take responsibility, the minister said

It is clear that the package has not yet been agreed. Any disagreement between Mr. Johnson and Mr. Sunak over the content may still delay him.

Mr Sunak told the CBI to give priority to the most vulnerable, but Mr Johnson would do his best to reassure his backs, who had set multibillion-dollar demands on everything from raising benefits to lowering VAT.

Two weeks ago, Sky News reported that there would not be enough information on the likely cost of energy in the fall to make an opinion by July.

However, today Ofgem CEO Jonathan Brirley announced that the price cap on energy in the UK is expected to rise in October to around £ 2,800, which is £ 830.

https://news.sky.com/story/partygate-govt-poised-to-announce-multibillion-pound-cost-of-living-package-as-sue-gray-report-expected-12620711

Previous articleWestcon-Comstor reports financial results for £ 22. –
Next articleThomas Markle, father of the Duchess of Sussex, hospitalized after stroke | World news