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The Latest Breaking News from Treasury Committee

Fiscal watchdog ready to publish forecast for new PM’s spending plans

The OBR’s confirmation puts the new government in the position of having to formally reject its offer.

The Independent UK

Rishi Sunak grilled over energy bill support for second home owners

RISHI Sunak has suggested it is impossible to stop second home owners from benefitting from energy bill support.

The National (Scotland)

Rishi Sunak says he cannot fully insulate people from cost of living crisis – as it happened

Rolling coverage of the latest economic and financial news, as Rishi Sunak faces Treasury Committee on cost of living support

The Guardian - UK

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Petrol prices in UK could rise to £2.40 a litre this year due to Russia's invasion of Ukraine

Dr Amrita Sen, Director of Research at Energy Aspects, told MPs on the Treasury Committee at Westminster that oil prices will fluctuate throughout the year.

Daily Record

More can be done to analyse ‘poverty premium’, says FCA boss

More can be done to see the effects of the premium in areas such as insurance and access to banking, Sheldon Mills told the Treasury Committee.

The Independent UK

Four-year wait to have some financial complaints dealt with by ombudsman

The Financial Ombudsman Service still has around 43,000 unallocated cases, the Treasury Committee heard.

The Independent UK

Tech giants told to repay Brits who fall prey to scams on their platforms

The Treasury Committee believes forcing tech giants like Facebook, Google and Twitter to reimburse victims who fall prey to scammers on their sites will make them take it seriously and stamp out fraud

Daily Mirror

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Government should avoid NI rise during cost of living crisis, experts warn

Economists from UK think-tanks appeared in front of the Treasury Committee on Monday and said inflation has been far higher than first assumed.

The Independent UK

National insurance rise ‘absolutely vital’, PM declares as Tory opposition grows

Conservative Treasury Committee chairman Mel Stride has called for the planned 1.25 percentage point increase to be delayed by a year.

The Independent UK

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