Rishi Sunak Will NOT Cut £12billion Tax ‘Bomb’ In Mini-Budget As Hard-Pressed Families Face Cost Of Living Crisis

RISHI Sunak will not cut taxes in his mini-Budget this month — regardless of calls by Gordon Brown to axe the National Insurance rise.

The former PM slammed the Chancellor for his £12billion tax “bomb” as families face a cost of living crisis.

Rishi Sunak will NOT cut THE £12billion tax 'bomb' in his mini-Budget — Rishi Sunak will NOT cut THE £12billion tax ‘bomb’ in his mini-BudgetCredit: The Mega Agency

And he warned the Tories will “pay a price” for hitting the hard-pressed in the pocket.

Mr Brown — Labour Chancellor from 1997 to 2007 — mentioned: “You can’t put up fuel prices, you can’t allow food prices to go up, you can’t raise taxes and cut benefits — you can’t do all these things at the same time.”

Despite the warning, Levelling Up Secretary Michael Gove insisted the Treasury will plough on.

Asked if taxes will be cut in subsequent week’s Spring Statement, Mr Gove replied: “No.”

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Rishi Sunak under pressure to slash fuel duty after Ireland announces 17p cut

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Rishi Sunak underneath stress to slash gasoline obligation after Ireland declares 17p cut

He informed the BBC: “Behind your query, possibly there’s a suggestion we should always dispose of the National Insurance improve.

“We’re not doing that. We need that National Insurance Contribution increase in order to make sure that we can fund the NHS and social care to deal with the Covid backlog.”

Mr Sunak is underneath large stress to cough up extra cash to assist families.

Petrol has soared to a record-breaking £1.60 a litre as the invasion of Ukraine and sanctions on Russia sends costs rocketing.

Former PM Gordon Brown called on the Chancellor to axe the National Insurance rise — Former PM Gordon Brown known as on the Chancellor to axe the National Insurance riseCredit: PA

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MPs have begged him to comply with Ireland’s lead and cut gasoline obligation.

But Mr Gove mentioned if any more money is discovered, it will go on “targeted” help reasonably than a tax cut for all.

It comes as Boris Johnson is anticipated to go to Saudi Arabia this week to induce the dominion to supply extra oil.

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Rishi Sunak Will NOT Cut £12billion Tax ‘Bomb’ In Mini-Budget As Hard-Pressed Families Face Cost Of Living Crisis

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