Spring Statement: Tax rises, higher energy bills and spiralling inflation, David Bond reacts

Tax rises, higher energy bills and spiralling inflation. Even with so much focus on the terrible events in Ukraine, the cost of living crisis remains one of the biggest headaches for Boris Johnson’s Government.On Wednesday the Chancellor Rishi Sunak will deliver his Spring Statement - one of his two major set pieces of the year - with pressure growing for him to do more to ease the squeeze on household budgets So what is the spring statement and what should we expect the Chancellor to deliver?