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Podcast: Beyond Currency
Episode: 27 May 2022 - Sunak announces 25% windfall tax
Description: The Government announced yesterday that it would introduce a package of measures to help with the cost-of-living crisis that is threatening to engulf the economy.
Chancellor Rishi Sunak announced that every household will receive a £400 payment to contribute towards their energy bill. That is replacing the £200 payment that had already been announced. Furthermore, the £400 will not need to be repaid over five years as the £200 payment had been.
Eight million of the lowest income families will receive a one-off payment of £650. Additionally, the disabled will receive a payment of £150. This means that the worst-off households will benefit from these measures to the...