As it happened: Sunak unveils '£6bn tax cut' and slashes fuel duty in Spring Statement

23 March 2022, 11:04 | Updated: 23 March 2022, 15:06

PMQs and Chancellor's Spring Statement | Watch Live

Chancellor Rishi Sunak set out his Spring Statement today as figures show inflation soaring to a 30-year high.

Rising energy, goods and food prices helped push inflation to increase 6.2% in the 12 months to February, Office for National Statistics (ONS) figures revealed on Wednesday morning, hours before Mr Sunak's speech.

Ring Rishi: Join Iain Dale from 7pm this evening for an exclusive phone-in with the Chancellor

Families are being hammered by rising living costs sparked by the pandemic and exacerbated by Russia's invasion of Ukraine.

Read more: Cost of living crisis: Inflation rises by 6.2% and its highest level in 30 years

Read more: Pressure mounts on Rishi ahead of 'crucial' spring statement as cost of living soars

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