Chancellor Rishi Sunak defends decision not to boost benefits
The committee chairman, Conservative MP Mel Stride, asked the chancellor if his Spring Statement gave those on benefits any "cause for hope".
"My job is to make the right long-term decisions," Mr Sunak said. "My view is an excessive amount of borrowing now is not the responsible thing to do."Mr Sunak was also challenged by Labour MP Angela Eagle on benefits payments and a projected fall in living standards. "But that goes up to 6% for the poorest," Ms Eagle said. "Why haven't you done more to help those who are really going to struggle massively with this cost of living situation?
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