Spring Statement - what time is it and what is Chancellor Rishi Sunak expected to announce as inflation approaches 30-year high

By James Harrison

Published 23rd Mar 2022, 10:16 BST

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Chancellor Rishi Sunak is under increasing pressure to stick to his pledge to “stand by” families to help them weather the growing cost of living crisis.

The latest figures on the economy has presented grim figures for the government, with rising energy, goods and food feeding inflation.

A cut to fuel duty, prompted by surging prices at the pumps, is widely expected to be on the cards.