Chancellor Rishi Sunak has announced he will cut fuel duty by 5p per litre and raise the National Insurance threshold by £3,000 amid a cost-of-living crisis as he delivered his Spring Statement.
He also said he will cut the basic rate of income tax from 20 pence in the pound to 19 but not until 2024.
Mr Sunak said the Government wanted people to know they will "stand by them" in dealing with rising living costs as a result of disruptions to global supply chains and energy markets, combined with the economic response to the war in Ukraine.
Fuel duty will be cut by 5p per litre in what Mr Sunak said was “the biggest cut to all fuel duty rates - ever.”
The threshold for paying National Insurance will increase by £3,000 from July.
He also announced he will scrap VAT on energy efficiency measures such as solar panels, heat pumps and insulation installed for five years, and double the Household Support Fund to £1 billion.
On Wednesday morning it was announced that UK inflation had reached the highest level in 30 years.
