Rishi Sunak speaks on the cost of living crisis

The transcript outlines the speaker's economic priorities, focusing on controlling inflation and supporting citizens with their bills. The speaker rejects permanent tax cuts funded by borrowing due to inflation risks. As Chancellor, a windfall tax on energy companies was introduced, and further support is planned for the autumn and winter. The speaker proposes cutting VAT on energy bills and providing direct financial assistance to pensioners and low-income individuals. The approach aims to offer direct help to the most vulnerable without exacerbating inflation.

What is the minister's main economic priority?

• Implementing permanent tax cuts

• Expanding international trade

• Reducing inflation and supporting people with bills

• Increasing government spending

Why does the minister oppose permanent tax cuts funded by borrowing?

• They are not popular with the public

• They could lead to increased inflation

• They would only benefit the wealthy

• They are too difficult to implement

What measure did the minister introduce as Chancellor to address energy costs?

• A subsidy for renewable energy

• A windfall tax on energy companies

• A reduction in income tax

• An increase in fuel duty

Who are the two groups the minister aims to provide direct financial assistance to?

• Public sector workers and veterans

• Middle-income families and entrepreneurs

• Pensioners and those on the lowest incomes

• Business owners and students

What is the minister's approach to providing support during the autumn and winter?

• Increasing public sector wages

• Cutting VAT on energy bills and direct financial aid

• Implementing new business taxes

• Reducing healthcare costs