Three key measures announced by Rishi Sunak to help ease cost of living crisis

manchestereveningnews.co.uk:

Chancellor Rishi Sunak has announced a string of new measures aimed at helping millions of households across the country deal with the soaring cost of living.

It comes as the UK faces record-high levels of inflation and rapidly rising energy and gas bills, forcing many households and families to fall into poverty.

The new key cost of living announcements have been targeted at the most struggling households across the country. Today (Thursday), the Chancellor announced key cost of living measures to help tackle inflation and provide aid to those struggling the most with rising bills. "We have three specific tools available to combat and reduce inflation, Mr Sunak Said. "We are using them all." READ MORE:LIVE: Chancellor's measures to ease cost of living crisis - including £650 payment for millions and £400 energy bill help He added: "Independent monetary policy, fiscal responsibility and supply side activism." Mr Sunak continued: "First, our primary tool is a strong independent monetary policy.

Since control of monetary policy was taken out of the hands of politicians 25 years ago, inflation has averaged precisely 2 per cent. "It is right that the Bank of England are independent, and I know the Governor and his team will take decisive action to get inflation back on target and ensure inflation expectations remain firmly anchored." On a 'responsible fiscal policy', Mr Sunak said: "Fiscal support should be timely, temporary, and targeted.