RISHI Sunak has refused to rule out MORE brutal tax hikes this year as the cost of living crisis continues wreaking havoc on household finances.
Speaking this afternoon at a Q&A with the public in Morcambe, the PM insisted he’s still at Tory at heart and it’s his “wish” to slash taxes.
ReutersRishi Sunak has refused to rule out more tax hikes this year[/caption]
But he added the “worst thing” he can do is “promise a bunch of things that sound great” only to fail at delivering them.
Brits will find out how much taxes, the price of beer, cigarettes and fuel are changing on March 15, when Jeremy Hunt unveils his Spring Budget.
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As energy prices soar and inflation bites, the Chancellor will present the unvarnished state of the nation’s precarious finances.
Today, the PM said he’s keeping tight lipped about changes that will affect how much money Brits have in their pocket at the end of the day.
But he also hinted that income tax cuts are very unlikely.
Mr Sunak said: “We had a massive pandemic that shut the country down.
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“And then we’ve got this war going on, which has had an enormous impact on inflation.
“That meant that public finances are not where they need to be.”