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Chancellor Up In Commons To Announce Household Finanical Assistance Package

UK

Chancellor of the Exchequer Rishi Sunak is up in the House of Commons to deliver a statement outlining the gov'ts plans to assist households financially amid rising inflationary pressures.

  • Link to livestream: https://www.parliamentlive.tv/Event/Index/ea1ee86c...
  • Ben Riley-Smith at The Telegraph: "Massive cost of living package coming from Sunak any moment now. £400-ish quid off energy bills from October for everyone... An extra £650-ish for people on means tested benefits, paid in two instalments... An extra £150 in disability payments... Ie - huge £££ spending coming."
  • Steven Swinford at The Times: "Some back of envelope calculations on Sunak's package, taking into account interventions since April: Council tax rebate (£150): £3billion. Energy bill discount (£400): ∼£12billion. Lump sum payments for those on benefits: ∼£5billion. So it's a major fiscal intervention"
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Homepagemarkets-real-timePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

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