Robert Peston Robert Peston

Has Rishi Sunak just destroyed his relationship with Boris?

The Spring statement may have opened up an almost irreparable rift

(Getty images)

I said yesterday that I expected the Chancellor to increase universal credit by more than planned. I was misled. I was wrong. Today, Rishi Sunak’s official forecaster, the Office for Budget Responsibility, is explicit about how painful Sunak’s refusal to increase benefits will be for those who rely on them. It says: 

‘Lags in CPI (or inflation) uprating of benefits mean they fall almost five per cent in real terms in 2022-23, reducing their real value by £12bn, and take up to 18 months to catch up fully with higher inflation’.

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Robert Peston
Written by
Robert Peston
Robert Peston is Political Editor of ITV News and host of the weekly political discussion show Peston. His articles originally appeared on his ITV News blog.

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