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Free AccessChancellor Up In Commons To Announce Household Finanical Assistance Package
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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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.