Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Rishi Sunak insists £15bn cost-of-living package will have ‘minimal’ impact on inflation

Chancellor denies package is un-Conservative, after thinktank describes it as ‘something Gordon Brown could be proud of’

Andrew Woodcock
Political Editor
Friday 27 May 2022 15:51 BST
Rishi Sunak denies his windfall tax package is 'un-conservative'

Rishi Sunak has insisted his £15bn cost-of-living support package will have only a “minimal” impact on inflation, raising prices by less than 1 per cent.

The chancellor denied backbench Tory complaints that his measures – which also included a £5bn windfall tax on energy companies – were un-Conservative.

Leading economic thinktank the Institute for Fiscal Studies today said that the package set out on Thursday was “something that Gordon Brown could be proud of”.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies


Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in