LIVE: Sunak uses Spring Statement to slash fuel duty as cost of living soars

Today, Chancellor Rishi Sunak presented his Spring Statement to MPs. The UK’s cost of living is on the rise.

Sunak kicked off the statement by praising the courage of Ukrainian citizens as they continue to resist the Russian invasion, stating that “the sorrow we feel for their suffering and admiration for their bravery is only matched by the gratitude we feel for the security in which we live”.

“What Putin sees as division, we see as debate. What he sees as chaos, we see as creativity,” he went on.

He argued that it is the “strength of our economy” that allow the UK to maintain its security.


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The chancellor’s first major announcement, which has been widely reported in the media over recent days, is a reduction of fuel duty by 5p per litre. Sunak said this cut will be “worth more than £5bn, and it will take effect from 6pm”.