'Buy British!' Rishi Sunak may give tax breaks to companies investing in the UK

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A tax break like this could be more urgently required, however, as the UK economy appears set to enter a recession. 

It has been warned that implementing tax breaks earlier could fuel the fire of rocketing prices and throw the country into a deeper potential stagflation crisis. 

Inflation appears set to hit double digits before the end of the year, and the Bank of England has increased the base rate for the fifth consecutive time to a decade high. 

All combined, these factors are battering pockets of the British public but Ministers have refused to cut personal taxes.