The Latest Breaking News from IFS

One-off levy to fund support package amid cost of living crisis which could include increase in benefits

Rishi Sunak will make a cost-of-living statement to the Commons where he could announce £10bn of new spending - funded by a windfall tax - with Tory sources claiming the brought-forward announcement would mostly help poorer families

Two former Tory ministers called for the government to take immediate action in a bid to curb rises

A report has highlighted the 'significant pressure' parents are facing

Parents with younger children are hardest-hit by a lack of Government support, says the IFS.

Rishi Sunak is still refusing to help ease the cost of living crisis by resisting demands for a windfall tax on energy giants. Meanwhile, households are facing high costs

While inflation was confirmed to have hit a 40-year high of 9% this morning, the poorest in society are facing a real-terms hit of 11%

Governor interacts with young officers at Raj Bhavan

The Chancellor admitted 'it sounds like an excuse' after he blamed IT 'problems' for a real-terms benefit cut. Experts told the Mirror there were computer difficulties with some benefits - but they are no reason not to act