Thread by @SkyNews

From a rise to the National Insurance threshold 💷, to a cut to fuel duty ⛽ – these are just a few of the ways the chancellor attempted to ease the cost of living crisis.

But do the announcements in Rishi Sunak’s spring statement go far enough?

Here are the key points from the spring statement:

⛽ Fuel duty will be cut by 5p per litre

💷 The threshold for paying National Insurance will increase by £3,000

🏠 The Household Support Fund will be doubled

Full list here 👇
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But here’s why it could be some time before we see prices at the pump drop amid the chancellor’s cut to fuel duty ⛽⬇

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This was the so-called 'rabbit out of the hat' moment…

The chancellor announced that the basic rate of income tax will be cut from 20p to 19p in the pound before the end of this parliament - 2024

🗣 How did the opposition respond to the spring statement?

Shadow Chancellor Rachel Reeves says: "The truth is, people can no longer afford the Conservatives."

Here’s some analysis from our correspondents.

Economics and Data Editor @EdConwaySky says there were some "giveaways" in the spring statement, but nothing to compensate people for the wider fall in disposable incomes across the country

In the face of the biggest standards-of-living crisis in living memory, is a vague tax plan really the remedy the British public are crying out for? writes Economics and Data Editor @EdConwaySky, in response to Rishi Sunak's spring statement

Analysis 👇
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@EdConwaySky If the last election was defined by Brexit, the government's handling of the cost of living crisis in the coming months could define the next, writes Sky's Political editor @BethRigby, as she reflects on the mini budget

news.sky.com/story/spring-s…