Tory MPs have voted down plans to trigger an emergency budget despite the worsening cost of living crisis.
It comes after inflation shot up to its highest level in 40 years, sparking warnings the UK is headed for a recession.
Tonight’s amendment, tabled by Labour, was defeated by 312 to 229.
Last night, Tories also voted against Labour’s proposal for a windfall tax that the party said could save struggling families around £600 a year.
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