RISHI Sunak will today funnel cash to the neediest to ease the cost of living pain — but will not announce major tax cuts.
The Chancellor will slap a new windfall tax on oil and energy giants to help bankroll a multibillion-pound package of support.
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No10 and No11 are understood to have ruled out a tax cut or Trump-style cheques in the post — for now.
Instead they are expected to hand out another council tax rebate as a quick and effective way to get cash into people’s pockets.
It comes as energy bills are due to rocket by £800 to £2,800 a year this October.
The package is expected to hand £500 to the neediest.
Ministers are not expected to increase the warm homes discount or cut VAT — despite calls by Tory MPs.
Some of the windfall tax is expected to go to nuclear power and windfarms to boost supplies.
The Chancellor will say helping the poorest is his “number one priority”.
But he will warn the nation he cannot protect them entirely from rocketing bills.
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A Treasury spokeswoman said: “We understand people are struggling with rising prices, which is why we’ve provided £22billion support to date.
“The Chancellor was clear that as the situation evolves, so will our response, with the most vulnerable being his number one priority.”
A source close to the PM last night said the measures were not a “one-trick pony” and that No10 would continue to look at help for families.
Earlier this year, ministers announced funds to knock up to £350 off energy bills.
But with heartbreaking stories emerging of parents facing the choice of eating or heating and inflation set to bust ten per cent, they faced calls from Tories to do more.
