Rishi Sunak interview reaction: Chancellor is living on another planet

The Liberal Democrats have said the Chancellor is "living on another planet" after he claimed  on interviews this morning that changes to the Universal Credit taper amount to cutting taxes. It comes as analysis from the Resolution Foundation finds that the average household will see their tax bills rise by £3,000 by 2027. Liberal Democrat Treasury Spokesperson Christine Jardine MP said: "This Chancellor is living on another planet if he thinks the British people are going to believe this spin. This underlines how completely out of touch he is, if he thinks we are going to buy this nonsense, especially given the average household faces a £3000 tax rise thanks to this Conservative government. "The only people celebrating a tax cut this morning are the bankers. "This was a bankers' budget, when it should have been a children's budget. The woefully tiny amount given for school catch-up was an insult to parents."