Cost of living: What new support did Rishi Sunak announce and what does it mean for your finances? Business News

JThe Chancellor unveiled a £15billion financial relief package on Thursday, including hundreds of pounds cuts on energy bills to help people through a worsening cost of living crisis.

The proposed level of support had to be weighed against concerns that pumping too much money into the economy risked pushing prices higher still.

The support has been “significant”, as well as “timely, temporary and targeted”, the Chancellor said. But is he right? What has been announced and what does it mean for you?

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This notice was published: 2022-05-26 12:14:21

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