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It came as Sunak looked to ease cost of living pressures on households as lower energy bills and a rise in the National Living Wage come into force.
The Prime Minister insisted that 2024 would be “the year Britain bounces back” and said the measures could save households an average of £3,850 a year alongside recent cuts to National Insurance.
The National Living Wage has risen from £10.42 to £11.44 as of Monday, while Ofgem's energy price cap fall of around 12 per cent is expected to save households around £250 a year on their energy bills.
Mr Sunak said: “Today’s measures could save households around £3,850 a year on average, which – with upcoming cuts to National Insurance – will put more money in their pockets to help stimulate the economy. Although recent years have tested our resolve, We did not cave in. We stuck to the plan, succeeded in reducing inflation by more than half, and put us on the path to growth.
“Because of this determination, we find ourselves in a new economic moment, and thanks to our robust package of economic reforms coming into force today, 2024 is set to be the year Britain bounces back.”
Downing Street claimed that the Prime Minister has now succeeded in achieving three of the “five pledges” he set at the start of 2023 – to halve inflation, grow the economy and reduce debt.
Darren Jones, Labour's chief treasurer to the Treasury, accused Sunak of being “out of touch with reality” and blamed the Tories for the current recession.
In the poll, Labor led by 19 percentage points – three points higher than at the end of last year – with the official opposition on 45 per cent of support and the Conservatives on 26 per cent.
Among the ministers expected to lose their seats are Home Secretary James Cleverley, Defense Secretary Grant Shapps, and House of Commons leader Penny Mordaunt.
The poll also showed the Conservative Party's seat count would increase by more than 50 percent if Britain's Reform Party, Richard Tice's right-wing rebel party, stood aside.
The Conservatives will win 150 seats if the Reform Party does not field candidates across the UK, despite Tice insisting that, unlike the Brexit Party in 2019, it will contest every seat.
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