Rishi Sunak has opened the door to more spending to ease the cost-of-living crisis further but promised he would not pass debt on to the country’s children.
The chancellor defended himself as a “fiscal conservative” as Tories were split over his £21 billion package announced yesterday, which is partly funded by borrowing and partly by a windfall tax.
But he said it was right to act when families were facing “acute distress”.
Sunak revealed yesterday that every household would receive £400 to help reduce the cost of their gas and electricity bills. He called on wealthy individuals who do not need the grant to give it away. “I’m sure you will join me in giving that money to charity,” he said on ITV’s Good Morning