Latest from Boris Johnson: 1.3 million people will fall into poverty due to record drop in living standards – Reuters

A think-tank said nearly 1.3 million people will be pushed into ‘absolute poverty’ next year amid criticism that Rishi Sunak’s mini-budget does little to help the poor, low-income families.

In his spring announcement yesterday, Mr. Sunak announced a 5-point reduction in fuel taxes and an increase in the threshold for people to pay National Insurance premiums.

But analysis by the Resolution Foundation, an economic think tank, said Mr Sunak’s measures did not match the scale of the cost-of-living squeeze.

Mr. Sunak’s mini-budget was harshly criticized in the morning papers, and many leaders warned the Office of Budgetary Responsibility that families were facing the biggest drop in living standards on record.

OBR chief Richard Hughes said people can expect a 2% decline in their standard of living over the next 12 months.

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Watch: Rishi Sunak denies family profiting from Putin regime in awkward interview

In a clumsy interview about Russia’s invasion of Ukraine, Rishi Sunak denied that his family profited from the Vladimir Putin regime.

The Chancellor was asked about his “family ties” with Russia, which has been hit by sanctions because of its war in Eastern Europe.

You can watch more of Sunak’s commentary below:

Rishi Sunak denies family profiting from Putin’s regime

Matt Mather24 March 2022 10:50

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Martin Lewis determines which salaries will benefit from Rishi Sunak’s spring manifesto

Savings expert Martin Lewis calculated which wages would be affected by the Chancellor’s spring announcement yesterday.

In a video posted on social media, the personal finance expert explained to viewers the direct implications of Rishi Sunak’s decision to raise the threshold at which workers begin to pay national insurance.

Coworker holly bancroft reports:

Matt Mather24 March 2022 10:37

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Breaking: ‘Illusionist’ Altar hasn’t done enough to protect the poor from falling living standards, think tank warns

Chancellor Rishi Sunak has been called a “financial illusionist” by a respected economic think tank, which said Wednesday’s mini-budget tax cuts “won’t be enough to protect poor households from a significant drop in their living standards.”

Our political editor, Andrew Woodcock, and our economics editor, Anna Isaac, will have more details on this story as we go along:

Matt Mather24 March 2022 10:23

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Johnson admits ‘we need to do more’ to tackle cost of living crisis

Boris Johnson acknowledged that ‘we need to do more’ to deal with the cost of the life crisis, as Rishi Sunak’s spring announcement came under heavy criticism for not going far enough.

The Office of Budgetary Responsibility – the spending watchdog – said last night that Britons are poised to see the biggest drop in living standards in a single financial year since registration began in 1956.

our political correspondent ashley cowboy burn to the story:

Matt Mather24 March 2022 10:11

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Ministerial statements expected in the House of Commons on Thursday

– Minister of State for Business, Energy and Industrial Strategy: Energy Update.

– Minister of State for Digital, Culture, Media and Sport: Correction of the parliamentary problem.

– Minister of State for Education: Update on children without recourse to public funds.

– Secretary of State for International Trade: Canada’s trade policy update.

– Minister of State for International Trade: Update on trade negotiations in India.

– Leader of the House: Official opening of the Parliament.

– Northern Ireland Minister of Foreign Affairs: Update on Northern Ireland.

– Prime Minister: Government apparatus.

– State Secretariat for Work and Pensions: State pension LEAP.

Here are the written ministry statements to be made in the House of Commons on Thursday:

Matt Mather24 March 2022 09:54

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Breaking: Britain imposes sanctions on Russia targeting mercenary assassin team

Britain has imposed new sanctions on Russian billionaires and companies, as well as Wagner Group mercenaries tasked with assassinating Ukrainian President Volodymyr Zelensky.

The Wagner paramilitary group is a private military company that employs civil conflict fighters worldwide and has been operating in Ukraine since 2014 to support pro-Russian separatist elements in the eastern region of Donbass.

Our political editor, Andrew Woodcock, has more details:

Matt Mather24 March 2022 09:38

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Rishi Sunak denies that his family profits from Putin’s regime in an awkward interview

In a clumsy interview about Russia’s invasion of Ukraine, Rishi Sunak denied that his family profited from the Vladimir Putin regime.

The Chancellor was asked about his “family ties” with Russia, which has been hit by sanctions because of its war in Eastern Europe.

Coworker Zoe Tidman reports:

Matt Mather24 March 2022 09:30

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Rishi Sunak – “We all have different breads in my house”

Chancellor Rishi Sunak revealed that his family ate all kinds of bread during a media tour in which he defended the measures announced in the spring statement.

Questioned by Mr. Sunak. BBC breakfast Amid fears of inflation, he noticed which food was rising in price in the supermarket.

He reportedly replied, “It’s probably that, I think it’s bread, that’s probably what happened.” I’m pretty sure what we bought is now around £1.20 and from memory it was around £1.

When asked what kind of bread he ate, Mr. Sunak replied, “The Hovis King of the Seed Thing.

“We have a wide variety of breads – we all have different types of bread at home, there is some degree of healthiness between my wife, me and my children. »

Sunak Bey lives with his wife and two daughters.

holly bancroft24 March 2022 09:09

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Matt Hancock didn’t reveal private messages with Conservative MP Owen Paterson – says guard

The National Audit Office said it did not tell authorities about private messages sent by former Health Secretary Matt Hancock to former Conservative MP Owen Paterson.

In a report, the watchman said that Mr Hancock’s department did not properly record why it awarded contracts worth nearly £500m to the healthcare company Randox, which was paid to lobby Mr Paterson.

NAO also revealed that the Department of Health and Social Care did not report on the four meetings their ministers had with Randox. However, the report added that the NAO “sees no evidence of the improper award of government contracts with Randox.”

holly bancroft24 March 2022 08:52

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Boris Johnson said Putin had already crossed the “red line” by committing a “barbaric massacre” in Ukraine.

Boris Johnson said Putin had already crossed the “red line” by committing a “barbaric massacre” in Ukraine.

holly bancroft24 March 2022 08:47