United Kingdom

Rishi Sunak threatens oil and gas giants with an unforeseen profit tax

Mr Sunak also strongly hinted that he would do more to help families if there was another sharp jump in household bills in October, when the energy price ceiling is expected to rise again.

He said: “I have always been clear from the beginning – we will see what happens and then, depending on the accounts, of course, if we have to act and provide support to the people, then we will do it.

“It would be foolish to do this now or last month or last month, when we don’t know exactly what the situation will be in the autumn.

Mr Sunak was criticized by Mumsnet users for not having a connection to families living on a budget. One told him that he could not imagine what it was like to live in your very privileged financial situation. How can you understand and empathize with what it is like to fight?

Another, 30, expecting her first child, told the chancellor that they were worried about having a baby given the current economic climate.

Mr Sunak, who is said to be worth £ 200 million personally after a career as a hedge fund manager, pleads to be tried for his work, not for his wealth.

He said: “I hope people can judge me for my actions, I do not judge people by how much money they have in their bank account.

“I did not start like that. My grandparents emigrated here with very little, built a life, and my parents continued to do so and wanted to work hard to give me and my brother and sister a better life.

“That’s how I was brought up and brought up – and now I’m in a happy situation. But I didn’t start like that. That’s not how my family started. I never forget the values ​​I was raised with. Then I try to express those values ​​through the work I do in that work. “

He said his concern about possible rising mortgage rates was why he was opposed to borrowing more to pay for additional government spending, adding: “I am really aware that I do not want mortgage interest loans to rise more than they are already rising. “