Lib Dem MP accuses Chancellor of 'tinkering around the edges' with statement

The video discusses the recent budget, highlighting its shortcomings in addressing the cost of living crisis. It critiques the rise in National Insurance and lack of support for Universal Credit. The speaker argues for a VAT cut funded by a windfall tax on oil and gas companies, a missed opportunity by the Chancellor. The budget's impact on ordinary families, especially due to energy price hikes and inflation, is emphasized. The speaker suggests the Chancellor's actions are politically motivated, aiming for future elections and leadership within the Conservative Party.

What are the key factors contributing to the financial difficulties faced by families, according to the text?

In what ways does the speaker believe the current budget affects the poorest in society?