Chancellor Jeremy Hunt has stirred debate by stating that an income of £100,000 doesn't stretch as far as expected due to rising living costs.

The median UK household income is around £35,000, placing those with over £81,357 in the top 5%, yet even in Hunt's constituency, the median is £56,606.

The UK's tax system imposes a 62% marginal rate on incomes above £100,000, coupled with a cutoff for free childcare, prompting some to reduce work hours.

High childcare costs relative to average incomes are exacerbating financial difficulties for many UK families.

Despite the controversy, Hunt reaffirmed his commitment to the pensions 'triple-lock' and urged resilience amidst economic challenges linked to the Ukraine conflict.