Latest updates: chancellor to face Commons Treasury committee this afternoon amid criticism over his spring statement
Good morning. Rishi Sunak, the chancellor, will face the Commons Treasury committee this afternoon where he will take questions on last week’s spring statement, which has been widely criticised by people from all sides of the politial spectrum. He will probably also be asked about energy policy, and a report in the Financial Times this morning saying that the government’s energy security strategy is being further delayed because Sunak is reluctant to sign off on a new spending splurge. In its story the FT reports:
Boris Johnson’s promised energy security strategy has been delayed again, as chancellor Rishi Sunak continues to hold out against big new spending commitments.
Sunak, under fierce pressure to do more to help families through the cost of living crisis, has told colleagues he wants to turn off the spending taps and that every “marginal pound” should go towards tax cuts.
