Rising energy costs and clawbacks on government pandemic benefits are leading to what many see as a looming cost-of-living crisis in the UK.
But the man in charge of the purse strings is warning that the UK’s pandemic spending comes at a cost to future generations.
Speaking at the annual conference of the ruling Conservative Party, Finance Minister Rishi Sunak said it would be immoral to keep loading debt onto future generations. He said it was also time to raise taxes.
Al Jazeera’s Paul Brennan reports from Manchester.
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