Rishi Sunak latest news: Speculation mounts over snap general election

People do still feel worse off than a few years ago, Jeremy Hunt has acknowledged.

Speaking to ITV’s Good Morning Britain programme, the Chancellor said: “Do people feel better off now than a few years ago? No, because we have had something that you and I have never had in our lifetimes.

“We have had two massive economic shocks in quick succession so no, they don’t feel better than they felt a few years ago.

“The numbers show very clearly that since 2010 over a longer period of time living standards have improved, we have got four million more jobs, we have attracted more investment than anywhere in the world apart from China and the United States.

“The reason I am saying that is because this is an election year, people are going to make a choice about the future.

“When it comes to the important things that make a difference, the difficult decisions on having a flexible labour market, on getting taxes down so that we attract investment from overseas, a Conservative government will continue to take those difficult decisions.”