Treasury minister Andrew Griffith told Sky News the Government could not “make promises about spending or indeed tax cuts that can’t be financed and would put more pressure on inflation and, of course, interest rates“.
He declined to say whether the Government would hike benefits in line with the September measure of inflation, which is typically used as the key measure.
He said the assessment process is “yet to happen”, adding: “Last year we increased benefits by 10 percent to protect people, one of the largest ever increases.”
Source: Expressnews.co.uk