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Sunak Plans Cost-of-Living Help, Pledges to ‘Stand By’ Britons

  • U.K. Chancellor delivering Spring Statement on Wednesday
  • Fuel duty cut, raising tax thresholds among his options
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U.K. Inflation Surge Complicates Sunak’s Spring Statement

Rishi Sunak plans to help British families struggling with a surge in energy prices and the cost of living, adding to 21 billion pounds ($28 billion) of measures already announced.

The U.K. Chancellor of the Exchequer will use his Spring Statement on Wednesday to promise “security for working families as we help with the cost of living,” according to a Treasury statement late Tuesday. Sunak will also say Britain’s response to Russia’s invasion of Ukraine includes “strengthening our economy here at home.”