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Rishi Sunak has said 70% of workers will be getting an effective tax cut from £6bn plan to lift the national insurance threshold by £3,000 during his economic statement in parliament on Wednesday. Subscribe to Guardian News on YouTube ► http://bit.ly/guardianwiressub That amounts to a tax cut of £330 a year for people and is the single biggest tax cut for a decade, according to Sunak. According to the latest snapshot, soaring inflationary pressure was fuelled by rising costs for gas and electricity, as well as average petrol and diesel prices hitting record highs in a blow to motorists Spring statement 2022: latest updates ► https://www.theguardian.com/politics/... The Guardian publishes independent journalism, made possible by supporters. Contribute to The Guardian today ► https://bit.ly/3uhA7zg Website ► https://www.theguardian.com Facebook ► / theguardian Twitter ► / guardian Instagram ► https://instagram/guardian #budget #rishi sunak #springstatement