Interview with the Chancellor Rishi Sunak about the Spring Statement with biker miming drinking in a nod to Partygate

The video discusses a new tax plan aimed at alleviating the cost of living. Key measures include a 5 pence per litre cut in fuel duty, raising National Insurance thresholds, and reducing the basic rate of income tax. These changes are expected to save motorists and employees significant amounts annually. While acknowledging global economic challenges, the plan aims to benefit working families. The discussion also touches on the plan's relevance to those with jobs or cars and mentions Universal Credit.

What is the main reason for introducing the new tax plan?

• To promote environmental sustainability

• To address the cost of living challenges

• To support international trade

• To increase government revenue

How much is the fuel duty being reduced by?

• 20 pence per litre

• 10 pence per litre

• 5 pence per litre

• 15 pence per litre

What is the expected annual saving for a typical motorist due to the fuel duty cut?

• £50

• £100

• £200

• £150

What is the impact of raising National Insurance thresholds?

• It has no effect on workers

• It only benefits self-employed individuals

• It provides a tax cut for 30 million workers

• It increases taxes for 30 million workers

What is the significance of cutting the basic rate of income tax?

• It only affects high-income earners

• It ensures people pay more taxes

• It is the first time in 10 years

• It allows people to keep more of their earnings