Ten Things You Need to Know Today: 14 June 2022

The Week’s daily digest of the news agenda, published at 8am

1. PM ‘not planning to cut taxes’

Boris Johnson is not planning to cut taxes for households until inflation is brought under control, reported The Telegraph. Downing Street and the Treasury have concluded that soaring prices could “spiral” even further if taxes are cut too soon, with a senior government source telling the paper: “The more you spend, inflation spirals. We’ve got to be responsible”. The Bank of England and the Organisation for Economic Co-operation and Development predict inflation will start falling in the first quarter of next year. Conservative Party backbenchers insist Johnson should cut taxes sooner.

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